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Rimini Street Announces Fiscal First Quarter 2024 Financial and Operating Results

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced results for the fiscal first quarter ended March 31, 2024.

Select First Quarter 2024 Financial Highlights

Revenue was $106.7 million for the 2024 first quarter, an increase of 1.2% compared to $105.5 million for the same period last year.

U.S. revenue was $53.8 million for the 2024 first quarter, an increase of 0.7% compared to $53.4 million for the same period last year.

International revenue was $52.9 million for the 2024 first quarter, an increase of 1.6% compared to $52.1 million for the same period last year.

Annualized Recurring Revenue was $415.8 million for the 2024 first quarter, an increase of 1.8% compared to $408.3 million for the same period last year.

Active Clients as of March 31, 2024 were 3,040, an increase of 1.1% compared to 3,007 Active Clients as of March 31, 2023.

Revenue Retention Rate was 89% for the trailing twelve months ended March 31, 2024 and 92% for the comparable period ended March 31, 2023.

Subscription revenue was $103.9 million, which accounted for 97.4% of total revenue for the 2024 first quarter, compared to subscription revenue of $102.1 million, which accounted for 96.8% of total revenue for the same period last year.

Gross margin was 59.8% for the 2024 first quarter compared to 62.7% for the same period last year.

Operating income was $3.4 million for the 2024 first quarter compared to $10.7 million for the same period last year.

Non-GAAP Operating Income was $8.8 million for the 2024 first quarter compared to $15.4 million for the same period last year.

Net income was $1.3 million for the 2024 first quarter compared to $5.6 million for the same period last year.

Non-GAAP Net Income was $6.8 million for the 2024 first quarter compared to $10.4 million for the same period last year.

Adjusted EBITDA for the 2024 first quarter was $10.7 million compared to $16.6 million for the same period last year.

Basic and diluted earnings per share attributable to common stockholders was $0.01 for the 2024 first quarter compared to $0.06 for the same period last year.

Cash and short-term investments of $129.0 million at March 31, 2024 compared to $135.0 million at March 31, 2023.

Subsequent Events

On April 30, 2024, the Company refinanced its Original Credit Facility, which had an outstanding principal balance of $70.9 million, with a new five-year senior secured credit facility (“2024 Credit Facility”) consisting of a $75.0 million term loan and a $35.0 million revolving line of credit. For the term loan, the Company has a choice of interest rates between (a) SOFR and (b) a Base Rate (as defined in the 2024 Credit Facility), in each case plus an applicable margin. The applicable margin is based on the Company’s Consolidated Total Leverage Ratio (as defined in the 2024 Credit Facility) and whether the Company elects SOFR (ranging from 2.75% to 3.5%) or Base Rate (ranging from 1.75% to 2.5%). The revolving line of credit bears interest on the unused portion of the credit line at rates of 25 to 40 basis points, depending on the Company’s Consolidated Total Leverage Ratio. Annual minimum principal payments over the five-year term for the 2024 Credit Facility are 5%, 5%, 7.5%, 7.5%, and 10%, respectively, with the remaining balance due at the end of the original term. Capital One led the financing that includes lenders US Bank and TD Bank.

Subsequent to the quarter and the hiring of our new General Manager for the EMEA Theatre, Martyn Hoogakker, who joined us from Adobe, we announced the hiring of our new Chief Revenue Officer, Steven Hershkowitz, who joined us following extensive sales strategy and leadership experience with HP, Cisco and other companies.

Select First Quarter 2024 Operating Highlights

Announced representative new clients who switched to, or existing clients who expanded their agreements with, Rimini Street, including:

Nexen Corporation, a global automotive parts manufacturer and logistics service provider, who selected Rimini Support™ for SAP.

GES, a global trade show production provider, who chose Rimini Support™ for Oracle EBS for comprehensive support.

Announced the launch of Rimini Custom™, a new software support offering that expands Rimini Street’s award-winning services to a broader scope of enterprise software.

Announced the appointment of former Rimini Street client and award-winning IT executive Trude Van Horn as CIO: Rimini Street Appoints Gertrude Van Horn as CIO.

Celebrated the 10-year anniversary of continuous business growth in Japan: Rimini Street Japan Celebrates 10 Years of Extraordinary Client Service and Regional Success.

Shared the findings of the Foundry Oracle Database survey, “Forces Driving the Future of Your Oracle Database Roadmap,” which highlighted that most customers are satisfied with their current releases but are concerned with the cost, effort and upgrades required to maintain and support their existing investments.

Closed over 8,100 support cases and delivered more than 42,000 tax, legal and regulatory updates to clients across 29 countries, while achieving an average client satisfaction rating on the Company’s support delivery and onboarding services of more than 4.9 out of 5.0 (where 5.0 is rated excellent).

Recognized with prestigious culture awards including Great Place to Work© Certifications in France, UK and USA for the second consecutive year, and ranked 8th in Nation by Best Workplaces™ Korea.

Welcomed the 3rd year of the RMNI LOVE Grant Program, selecting London as the host city for 2024.

2024 Business Outlook

The Company is continuing to suspend guidance until there is more clarity around impacts from current litigation activity before the U.S. Federal courts in the Company’s ongoing litigation with Oracle.

Webcast and Conference Call Information

Rimini Street will host a conference call and webcast to discuss the first quarter 2024 results and potentially select second quarter 2024 performance-to-date commentary at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on May 2, 2024. A live webcast of the event will be available on Rimini Street’s Investor Relations site at Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference call by dialing 1-800-836-8184. A replay of the webcast will be available for one year following the event.

Company’s Use of Non-GAAP Financial Measures

This press release contains certain “non-GAAP financial measures.” Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements and is not intended to represent a measure of performance in accordance with disclosures required by U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures determined in accordance with GAAP. A reconciliation of GAAP to non-GAAP results is included in the financial tables within this press release. Presented under the heading “About Non-GAAP Financial Measures and Certain Key Metrics” is a description and explanation of our non-GAAP financial measures.

Reconciliations of the non-GAAP financial measures provided in this press release to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading “About Non-GAAP Financial Measures and Certain Key Metrics.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,500 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit riministreet.com, and connect with Rimini Street on Twitter, Instagram, Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; additional expenses to be incurred in order to comply with injunctions against certain of our business practices and the impact on future period revenue and costs; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability, manage our cost of revenue and accurately forecast revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel, including sales personnel, and retain key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; the impact of environmental, social and governance (ESG) matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 2, 2024, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2024 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

About Non-GAAP Financial Measures and Certain Key Metrics

To provide investors and others with additional information regarding Rimini Street’s results, we have disclosed the following non-GAAP financial measures and certain key metrics. We have described below Active Clients, Annualized Recurring Revenue and Revenue Retention Rate, each of which is a key operational metric for our business. In addition, we have disclosed the following non-GAAP financial measures: non-GAAP operating income, non-GAAP net income, EBITDA, Adjusted EBITDA and Billings. Rimini Street has provided in the tables above a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Due to a valuation allowance for our deferred tax assets, there were no tax effects associated with any of our non-GAAP adjustments. These non-GAAP financial measures are also described below.

The primary purpose of using non-GAAP measures is to provide supplemental information that management believes may prove useful to investors and to enable investors to evaluate our results in the same way management does. We also present the non-GAAP financial measures because we believe they assist investors in comparing our performance across reporting periods on a consistent basis, as well as comparing our results against the results of other companies, by excluding items that we do not believe are indicative of our core operating performance. Specifically, management uses these non-GAAP measures as measures of operating performance; to prepare our annual operating budget; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; to provide consistency and comparability with past financial performance; to facilitate a comparison of our results with those of other companies, many of which use similar non-GAAP financial measures to supplement their GAAP results; and in communications with our board of directors concerning our financial performance. Investors should be aware however, that not all companies define these non-GAAP measures consistently.

Billings represents the change in deferred revenue for the current period plus revenue for the current period.

Active Client is a distinct entity that purchases our services to support a specific product, including a company, an educational or government institution, or a business unit of a company. For example, we count as two separate active clients when support for two different products is being provided to the same entity. We believe that our ability to expand our active clients is an indicator of the growth of our business, the success of our sales and marketing activities, and the value that our services bring to our clients.

Annualized Recurring Revenue is the amount of subscription revenue recognized during a fiscal quarter and multiplied by four. This gives us an indication of the revenue that can be earned in the following 12-month period from our existing client base assuming no cancellations or price changes occur during that period. Subscription revenue excludes any non-recurring revenue, which has been insignificant to date.

Revenue Retention Rate is the actual subscription revenue (dollar-based) recognized over a 12-month period from customers that were clients on the day prior to the start of such 12-month period, divided by our Annualized Recurring Revenue as of the day prior to the start of the 12-month period.

Non-GAAP Operating Income is operating income adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs. The exclusions are discussed in further detail below.

Non-GAAP Net Income is net income adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs. These exclusions are discussed in further detail below.

Specifically, management is excluding the following items from its non-GAAP financial measures, as applicable, for the periods presented:

Litigation Costs and Related Recoveries, Net: Litigation costs and the associated insurance and appeal recoveries relate to outside costs of litigation activities. These costs and recoveries reflect the ongoing litigation we are involved with, and do not relate to the day-to-day operations or our core business of serving our clients.

Stock-Based Compensation Expense: Our compensation strategy includes the use of stock-based compensation to attract and retain employees. This strategy is principally aimed at aligning the employee interests with those of our stockholders and to achieve long-term employee retention. As a result, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions in any particular period.

Reorganization Costs: The costs consist primarily of severance costs associated with the Company's reorganization plan.

EBITDA is net income adjusted to exclude: interest expense, income taxes, and depreciation and amortization expense.

Adjusted EBITDA is EBITDA adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and reorganization costs, as discussed above.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240502994935/en/


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Contacts
Investor Relations Contact
Dean Pohl
Rimini Street, Inc.
+1 925 523-7636
dpohl@riministreet.com

Media Relations Contact
Janet Ravin
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com

 

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Rocket Software Closes $2.275B Acquisition of OpenText’s Application Modernization and Connectivity Business

WALTHAM, Mass. - Wednesday, 01. May 2024 AETOSWire  

Rocket Software now delivers one of the market’s most comprehensive suites of modernization solutions, enabling companies to leverage their existing solutions while also taking advantage of cloud innovation

(BUSINESS WIRE) -- Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, has expanded upon its position as a partner of choice empowering the world's leading businesses on their modernization journeys. Closing the acquisition of the Application Modernization and Connectivity (AMC) business of OpenText, formerly part of Micro Focus, Rocket Software now offers customers modernization software solutions spanning the mainframe to the cloud. With a total purchase price of $2.275 billion, before taxes, fees and other adjustments, the deal increases the company’s revenue by over 60% and expands its customer base to more than 12,500 companies and network to more than 750 partners worldwide. In addition, the company welcomes more than 770 new software engineers, go-to-market professionals and other supporting team members and is hiring hundreds of additional Rocketeers to complement its existing team.

“Rocket Software’s customers are global market leaders that are constantly setting new benchmarks for excellence and innovation in their industries that we are proud to power and advance,” said Milan Shetti, president and CEO of Rocket Software. “The acquisition of the OpenText AMC business is a significant milestone that sets a similar new standard for modernization innovation and excellence at Rocket Software and greatly accelerates our strategic growth and market penetration. We now have the solutions, resources and expertise to tackle modernization challenges at scale, and the continued flexibility, winning culture, proven partnerships and growth mindset necessary to help our customers win today and well into the future.”

“The combination of OpenText’s AMC business and Rocket Software’s highly complementary businesses will create one of the world’s largest mainframe modernization and connectivity software companies,” said Peter Rutten, Research Vice-President, Performance Intensive Computing, IDC. “While many in the industry would champion moving everything to the cloud, or never moving anything off the mainframe, this investment shows Rocket Software’s commitment to meeting clients wherever they are in their modernization journey. Now Rocket Software will have a comprehensive portfolio that allows clients to modernize their workloads in place, move applications to the cloud or a combination of both through a hybrid strategy, which we see most enterprises prefer.”

With the added talent and innovation acquired from AMC, the company has set a new bar for modernization innovation in a single partner that:

Offers Leading Technology for Mainframe Modernization by building on its deep expertise and long-standing commitment to optimizing mainframe environments to facilitate seamless, secure and compliant solutions that meet the demands of the digital era

Meets Customers Wherever They Are on Their Journeys with an unyielding grasp of the entire landscape and comprehensive range of software solutions for any stage of modernization

Values and Builds on Past and Current Investments by recognizing there is a better approach to the ‘rip and replace’ playbook for modernization and instead helps customers leverage their existing foundation for a seamless technological evolution

Delivers Solutions as a True Partner, Not Just a Vendor with a 93.7% customer satisfaction rate for enterprises that demand nothing short of excellence, and need a trusted partner

Rocket Software will integrate and continue to develop AMC products to enhance its portfolio, helping customers stay competitive and leverage their data, applications and infrastructure regardless of their modernization strategy. In addition to several complementary Host Connectivity, Application Development and CORBA solutions, Rocket Software will also offer COBOL and Enterprise Suite, market leading technologies that allow companies the ability to run COBOL and PL/I applications on distributed or cloud servers. These added capabilities expand the mainframe modernization approaches that Rocket Software can deliver, enabling choice and allowing customers to run workloads wherever it makes sense for their business. This breadth, and the ability to integrate the various approaches, allows customers to seamlessly connect any combination of solutions across the modernization continuum.

“Application modernization is key to digital transformation in financial services,” said Martin Wildberger, EVP, Innovation & Technology, RBC. “As a Rocket Software customer, we've experienced firsthand the company’s commitment to innovation.”

“Within our organization, the need for modernization is a dynamic process, continually evolving as we grow and scale our business.," said José Fortemps, CTO, AG Insurance. "The OpenText AMC solutions have served us well and, now as part of Rocket Software, we look forward to exploring new opportunities for our data, application and infrastructure that propels us into the future.”

To learn more about Rocket Software and its enhanced capabilities and solutions, click here.

About Rocket Software

Rocket Software is the global technology leader in modernization and partner of choice that empowers the world's leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit www.RocketSoftware.com.

Cautionary Information Regarding Forward-Looking Statements

Some of the statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements about our future performance, results and operations following the acquisition of the AMC business. These forward-looking statements are generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this press release and are based on our current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this press release. Such factors and risks include, but are not limited to, risks related to our ability to successfully integrate the AMC business and realize the expected synergies and certain other risks. It is not possible to predict or identify all such risks. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430605619/en/


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Contacts
Media:
V2 Communications for Rocket Software
rocket@v2comms.com

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HONOR Redefines Smartphone Norms, As the Game Changer in Foldable Innovation

 

Dubai, United Arab Emirates - Wednesday, 01. May 2024 AETOSWire Print 


With a thirst for innovation and a keen eye for consumer market trends, HONOR has established itself as a pioneer in the smartphone industry through outstanding product design and exciting new directions for its products. The brand continues to push the limits of what can be achieved with a smartphone, both through feats of engineering and expertly designed software. One such example of HONOR’s brilliance in smartphone innovation is the HONOR Magic V2, an exceptional product that immediately drew attention from the market and acted as testament to HONOR’s years of dedication to craft a truly revolutionary new smartphone.

When the HONOR Magic V2 launched in January of this year, the region witnessed the thinnest and lightest foldable to ever be released, and its launch made a lasting impression on consumers. The HONOR Magic V2 set new heights for design, luxury, innovation, and performance. It represented more than just a smartphone – it recognized that users were ready for a new smartphone experience – one that connected users to their devices like never before.

The foldable market experienced a notable surge towards the end of 2023 and the beginning of 2024. HONOR has effectively capitalized on this demand with its feature-rich offerings, enabling them to seize the opportunities within the foldable segment. The recent launch of the HONOR Magic V2 serves as a prime example of meeting consumers' desires in this segment, demonstrating substantial growth rates that outpaced the overall market performance, according to the latest reports from a leading independent market research firm.

In a market where consumers are always ready to adopt the latest, most fashionable products, the HONOR Magic V2 is an easy product recommendation to make. This is even more evident by the fact that pre-orders for the HONOR Magic V2 sold out quickly in the UAE, showcasing just how desirable it is.

To further solidify its position as a market leader in innovation and design, HONOR recently announced the PORSCHE DESIGN HONOR MAGIC V2, which brings together two iconic brands to create an exceptional product that redefines sophistication and elegance.

The HONOR Magic V2 represents the first of many forthcoming breakthroughs in this exciting new market, and solidifies HONOR’s position as an innovative leader in the industry with an unwavering passion for excellence.

 


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Contacts
Alia, HONOR

guanxiyuan@hihonor.com

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Planview Accelerates Transformation Impact with Next Generation Connectivity, Visibility, and AI-Driven Insights

 

 

New Platform Innovations Redefine How Work Gets Done and Strategic Outcomes Are Delivered

 

(BUSINESS WIRE)--Planview, the leading end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD), today announced a series of platform innovations designed to accelerate the speed and impact of transformation by connecting project and product initiative data across the enterprise. These innovations enable bi-directional visibility and governance to create tighter alignment between strategies and teams, harness AI to enhance predictability and strategic decision-making, and deliver personalized user experiences to uplevel productivity.

“Organizations today are struggling with data sprawl and misalignment across their disparate teams and tools, with negative impact to the speed and success of their transformation efforts,” said Louise K. Allen, Chief Product Officer. “The platform innovations released today change how the enterprise leverages and connects data, transitioning it from an unusable repository to an invaluable asset. We are breaking down data silos by connecting strategic priorities and the teams delivering the work, enabling organization-wide visibility to keep outcomes front and center.”

 

Accelerate Outcomes with Comprehensive Data Visibility and Personalization

Introducing Planview.Me™, an easy-to-use, personalized platform experience designed to bring data, insights, and work together into a single view. With Planview.Me, teams and individuals across roles and personas can:

 

  • Create configurable, unique views based on status, progress, stakeholder needs, and other data-oriented use cases.
  • Reduce platform clicks to surface the right information at the right time with clear actions in a single view, for an improved user experience.
  • Take action, investigate, respond, and react with a single click, increasing efficiency by having relevant data available at your fingertips.
  • Bring data and insight transparency into all decisions and to all decision-makers within the organization.

 

Uplevel Your Productivity with Actionable AI-Insights and Expert Guidance

 

Planview® Copilot is now available across Strategic Portfolio Management, Enterprise Agile Planning (EAP), Value Stream Management (VSM), and Digital Product Development solutions, including the Planview® Portfolios, Planview® Viz, Planview® AdaptiveWork, and Planview® AgilePlace products.

 

First introduced as an Early Access release in September 2023, Planview Copilot users can:

 

 

  • Converse with and question their data using natural language to glean insights, derive recommendations based on best practices, and inform strategic decisions.
  • Instantly tap into decades of Planview knowledge, best practices, and key learnings​.
  • Surface hidden insights and delivery risks across multiple initiatives, value streams, products, and projects​.
  • Increase productivity by analyzing and synthesizing vast amounts of data in seconds.

 

Further boosting Planview’s AI-enabled platform capabilities, Planview is strengthening its early-warning systems with additional sentiment analysis and aggregation across key products, including Planview Portfolios, Planview® AgilePlace, and Planview® ProjectPlace. Sentiment analysis can:

 

 

  • Create sentiment scores based on emotional tone across multiple comments and text entries to provide an overview of product, project, or work health.
  • Analyze trends over time to understand whether large bodies of work reflect positive, neutral, or negative sentiments.
  • Accurately reflect the status of the work outside of traditional red, amber, and green indicators.

 

“Connecting value stream data is a critical first step in creating the visibility needed to understand where your organizational challenges lie,” says Mik Kersten, Chief Technology Officer. “With Planview Copilot’s new skills and our robust early warning systems now embedded across the entire Planview Platform, we are empowering organizations with more than visibility – we are giving them the actionable insights that will shape their strategic decisions, drive productivity, and accelerate time to value for digital transformations.”

 

Redefine How Work Gets Done with Less Disruption and More Enterprise-wide Work Connectivity

With enhanced connectivity between Planview Portfolios and Planview ProjectPlace, Planview is bringing traditionally ungoverned work into the purview of portfolio leadership to ensure alignment, oversight, and governance while empowering teams to deliver projects with easy-to-use capabilities like Gantt, kanban, and document storage, in discrete workspaces with no manual status reporting. This enhancement drives greater team autonomy, allowing teams to continue working within their projects and programs without disruption, while providing leadership with the right level of visibility and oversight.

Finally, Planview introduces the Planview® Universal Connector, a strong addition to the 60+ software tool connectors it already has available. The Universal Connector enables organizations to automate and seamlessly integrate their third-party or homegrown software development tools directly into the Planview® Platform. By unlocking data siloed in disparate software delivery tools, data and work can flow directly into the Planview Platform, increasing data visibility and keeping productivity high without disrupting the native work and workflow processes of the delivery teams.

 

Additional Resources:

 

 

  • Learn more about the Planview Platform
  • Check out the Platform Demo to learn more about Planview.Me and Planview Copilot
  • Learn more about Planview Copilot

 

Register to attend Planview Accelerate on May 14-15, 2024, to learn more about Planview’s approach to Strategic Portfolio Management, Digital Product Development, Data, Generative AI, and Connected Work

About Planview

Planview is the leading end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD), enabling organizations to plan and deliver large-scale digital transformation initiatives. Planview empowers organizations to improve time-to-market and predictability, increase efficiency to unlock capacity, and ensure their most strategic product and project initiatives deliver the desired business outcomes. Our connected platform of solutions underpins the business and digital transformations of more than 4,500 customers and 2.7 million users globally, including 59 of the Fortune 100. Headquartered in Austin, Texas, Planview has over 1,400 employees worldwide.

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240429197434/en/

 

 

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Contacts

Leslie Marcotte

lmarcotte@planview.com

 

 

 

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Geopolitical Unrest Generates an Onslaught of DDoS Attacks, According to the Latest NETSCOUT Threat Intelligence Report

 

Hacktivist Groups Increase Activity Globally While a Rise in DNS Water Torture Contributed to more than 7 Million DDoS Attacks in the Second Half of 2023

(BUSINESS WIRE) -- NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) today released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use against service providers, enterprises, and end-users. The information cited in the report is gathered from NETSCOUT’s unparalleled internet visibility at a global scale, collecting, analyzing, prioritizing, and disseminating data on DDoS attacks from 214 countries and territories, 456 vertical industries, and more than 13,000 Autonomous System Numbers (ASNs). Driven by tech-savvy and politically motivated hacktivist groups and an increase in DNS water torture attacks, NETSCOUT observed more than 7 million DDoS attacks in the second half of 2023, representing a 15% increase from the first half.

Hacktivism Increases Ten-Fold

DDoS (Distributed Denial-of-Service) hacktivism transcended geographic borders during the past year, exemplifying a shift in the global security landscape. Groups like NoName057(016) and Anonymous Sudan, as well as lone hackers and small collectives, are increasingly using DDoS to target those ideologically opposed to them, for example:

  • Peru experienced a 30% increase in attacks tied to protests of former Peruvian President Fujimori’s release from prison on December 6.

  • Poland experienced a surge in attacks at the end of 2023 associated with a regime change and statements reaffirming Poland’s support of Ukraine in the Russia-Ukraine conflict.

  • Anonymous Sudan attacked X (formerly Twitter) to influence Elon Musk regarding Starlink service in Sudan, and it attacked Telegram for suspending its main channel.

NoName057(016), Anonymous Sudan, and Killnet have taken credit for DDoS attacks in Ukraine, Russia, Israel, and Palestine targeting communications infrastructure, hospitals, and banks. Daily attacks from hacktivists increased more than ten-fold between the first and second halves of 2023. NoName057(016) topped the list of DDoS adversaries in 2023, targeting 780 websites across 35 countries.

Water Torture Attacks Rise

Targeting critical systems at the heart of the Internet's control plane, DNS (Domain Name System) water torture attacks have been on the rise since the end of 2019. DNS query floods designed to overwhelm authoritative DNS servers experienced a massive 553% increase from 1H2020 to 2H2023. Rather than targeting one website or server, adversaries go after entire systems, resulting in even more damage.

Gaming and Gambling Targeted

NETSCOUT findings point to gaming -- and the gambling associated with gaming – as a primary target for DDoS attacks. Threat actors are drawn to the sector’s substantial financial value and the goal of disrupting competitors, especially during online esports tournaments. Historically, 80-90% of all DDoS attacks are related to gaming and gambling. NETSCOUT assessed attacks on enterprises in these sectors, determining that more than 100,000 DDoS attacks were deployed against those in gaming, and over 20,500 were made against those tied to gambling in 2023.

In addition, based on NETSCOUT’s observations of the DDoS threat landscape, approximately 1% of DDoS attacks are suppressed from originating networks.

“Global adversaries have become more sophisticated in the past year attacking websites and overloading servers to lockout customers and inflict digital chaos to influence geopolitical issues,” stated Richard Hummel, senior threat intelligence lead, NETSCOUT. “The relentless barrage of DDoS threats drives up costs and creates security fatigue for network operators. They cannot safeguard their digital assets without the proper advanced DDoS protection leveraging predictive, real-time threat intelligence.”

Multiple decades of experience working with the world’s largest service providers and enterprises give NETSCOUT far-reaching visibility into the global internet to discern the pulse of the digital world. Our capacity to monitor and respond to DDoS attacks is powered by our ATLAS platform, which enables us to analyze an impressive 500 terabits per second (Tbps) of network traffic.

Visit our interactive website for more information on NETSCOUT's DDoS Threat Intelligence Report. For real-time DDoS attack stats, map, and insights, visit NETSCOUT Cyber Threat Horizon.

About NETSCOUT

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance and availability disruptions through the company’s unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. NETSCOUT serves the world’s largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, X, or Facebook.

©2024 NETSCOUT SYSTEMS, INC. All rights reserved. NETSCOUT, the NETSCOUT logo, Guardians of the Connected World, Visibility Without Borders, Adaptive Service Intelligence, Arbor, ATLAS, Cyber Threat Horizon, InfiniStream, nGenius, nGeniusONE, Omnis, and TrueCall are registered trademarks or trademarks of NETSCOUT SYSTEMS, INC., and/or its subsidiaries and/or affiliates in the USA and/or other countries. Third-party trademarks mentioned are the property of their respective owners.

 

   

Contacts

Editorial:
Chris Lucas
NETSCOUT Systems, Inc.
+1 978-614-4124
chris.lucas@netscout.com

Chris Shattuck
Finn Partners for NETSCOUT
+1 404 502 6755
NETSCOUT-US@FinnPartners.com

 

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WHOOP Announces Significant Global Expansion, Appoints New Senior Leadership

 

BOSTON - Tuesday, 30. April 2024 AETOSWire Print 


Human Performance Company Adds C-Suite Executives to Support Record Growth and Momentum Across New Key Markets and Regions

Continues “Free Trials” Making WHOOP the Only Wearable to Offer “Try Before You Buy”

(BUSINESS WIRE) -- WHOOP, the human performance company, today announced the expansion of its global footprint, now shipping to 56 markets worldwide, with more launches ahead. Additionally, the WHOOP app is now available in Italian and Spanish (Latin America), as well as English, French, and German. To support continued growth and momentum, WHOOP named new leaders to its C-suite to deliver on the WHOOP mission of helping people achieve their goals, by providing best-in-class wearable technology, actionable feedback, and recommendations across recovery, sleep, strain, and health. To help everyone start their journey, WHOOP is currently offering a one-month free trial that can be accessed on WHOOP.com.

WHOOP Global Expansion

With a commitment to serving its global community to unlock their potential, WHOOP has expanded its reach to several key markets and regions, where there’s been rising consumer demand for and adoption of the brand. Consumers in Qatar, Saudi Arabia, Kuwait, Bahrain, Hong Kong, Israel, Korea, and Taiwan can now purchase WHOOP directly and the brand will ship to each of these markets, creating a seamless experience for its members.

The Gulf is a key region for the brand’s growth. In fact, their digital health market is expected to witness healthy, double-digit growth by 2027, according to Medi-Tech Insights. As a world class health and performance monitor, WHOOP provides coaching to improve overall well-being and foster behavior change.

To support global expansion, the WHOOP app is now available in Italian and Latin American Spanish to complement its existing languages: English, French and German, with additional language rollouts to come. This expansion ensures that WHOOP members worldwide can access the full suite of content and features in their native language.

“WHOOP is experiencing remarkable growth and momentum, particularly in new markets around the world. We’re excited to open these new markets and provide over 125 million people with access to WHOOP,” said Will Ahmed, Founder and CEO of WHOOP. “This market growth and the launch of Spanish and Italian in the WHOOP app is just the start of our international expansion. Our teams, including those led by three of our newest C-suite leaders, are working every day to unlock new markets and help introduce new members to the power of our WHOOP membership.”

New Executive Leadership at WHOOP

To spearhead continued growth and global expansion, WHOOP has appointed new leaders to its executive team:

Ed Baker joins WHOOP as Chief Growth Officer, following the acquisition of Baker's previous company, AnyQuestion. Before that, Baker led growth teams at Facebook and Uber during periods of extraordinary growth. He has also served on the WHOOP Board of Directors for nearly five years. Baker will lead efforts to fuel the next phase of hyper-growth at WHOOP.

Michener Chandlee is now Chief Financial Officer at WHOOP, leveraging his extensive financial expertise to drive strategic financial planning and operational excellence. Prior to WHOOP, Chandlee was the CFO of Fanatics and also spent nearly 20 years at Nike in various leadership roles, including Chief Risk Officer and CFO of Nike’s Global Marketplace.

John Sullivan has been promoted to Chief Marketing Officer, bringing his wealth of experience in marketing strategy and brand development to further elevate the presence of WHOOP in the global marketplace. Sullivan has worked at WHOOP for more than seven years during which he’s developed the direct-to-consumer business at WHOOP, overseeing all marketing functions of Brand, Commercial, Lifecycle, Business Development and Accessories and Apparel. Prior to WHOOP, he held positions in marketing at Tracksmith, Puma and Monitor Group, a strategy consulting firm.

To learn more and discover how WHOOP helps its members unlock their performance, go to www.whoop.com. To make it even more convenient than ever before to access WHOOP, it is available for purchase on Amazon.com, as well as at Best Buy and Dick’s Sporting Goods.

ABOUT WHOOP

WHOOP, the human performance company, offers a wearable health and fitness coach to help people achieve their goals. The WHOOP membership provides best-in-class wearable technology, actionable feedback, and recommendations across recovery, sleep, training, and health. WHOOP serves professional athletes, Fortune 500 CEOs, executives, fitness enthusiasts, military personnel, frontline workers, and anyone looking to improve their performance. WHOOP Unite is a comprehensive solution dedicated to supporting organizations across a wide range of industries with coaching, organizational insights, and health programs. Studies show WHOOP can positively change behavior, increase sleep, and improve physiological biomarkers. Founded in 2012, WHOOP is based in Boston and has raised more than $400 million in venture capital. The latest round of financing made WHOOP the world's most valuable standalone wearables company. Visit WHOOP.com for more information and connect with WHOOP on Instagram, Twitter, Facebook, LinkedIn, and YouTube.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240429085870/en/


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Taylor Georgeson
Jack Taylor PR
whoop@jacktaylorpr.com

 

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LG Electronics showcases trend-setting Home Appliance products in the region

 

The new range of home appliances were the stars of the LG Showcase MEA 2024 held in Abu Dhabi

 

Global consumer electronics pioneer LG Electronics, recently hosted its LG Showcase MEA 2024 in the Conrad Hotel in Abu Dhabi, under the brand’s theme of Reinventing Together. The event, which focused not only on showcasing the latest innovations, but also on building relationships with its stakeholders, had a confirmed attendance of over 500 guests each who were provided with the chance for a hands-on experience with each product.

 

During the course of the showcase event, LG Electronics exhibited their latest products and innovations in home appliances that not only enhance daily life, but also provide functionality, unique upgradability and personalization. The focus area included a line-up of home appliance products, which includes refrigerators, washing machines, vacuum cleaners, air conditioning solutions and more.

 

Commenting on the event, Mr. Il Hwan Lee, Chief Executive Officer, LG MEA Region , said “The LG Showcase MEA 2024 is the home ground where our latest innovations are displayed. We keep our customers in mind during every step of development, and the products we have on display here are a testament to that promise. Not only do we tackle the needs of the consumer, but we also provide the added benefits of unique experience, elegant styling and revolutionary features that can enhance their home.”

 

During the event, LG Electronics also showcased its popular refrigerator with the MoodUP™ feature. This feature, known for its exciting and unique color options, adds a unique personality to any home kitchen. Through the LG ThinQ™ app, users can choose from 22 colors for the upper door panel and 19 colors for the lower panel. In addition to its visual aesthetic, the new LG MoodUPTM Refrigerator comes with three LED panel doors and a transparent fourth door. The panel doors can have their colors customized through the LG ThinQ app, while the transparent door features LG’s famous InstaView capability that shows the interior of the fridge with two simple knocks. It also features built-in Bluetooth speakers, perfect for playing music during cooking.

 

LG Electronics’ solutions to upscale your kitchen doesn’t end there, with the brand’s built-in kitchen package that was on display. Keeping in mind energy efficiency, user-friendly features and elegant designs, this unique lineup comprises of an InstaView™ oven, QuadWash™ dishwasher, bottom-freezer refrigerator and microwave oven. While each of these products are premium on their own and can individually elevate the kitchen, it is this premium portfolio of products that that can really step up your kitchen game.

 

LG Electronics also showcased its Residential Air Conditioning units, such as the ARTCOOL lineup which features the LG DUAL Inverter Compressor™, a critical element that brings powerful cooling without affecting efficiency. The DUAL Inverter maximizes cooling performance for promising faster cooling while also saving energy with optimized compressor operation. Residents can get stronger cooling, as this Dual Inverter Compressor runs faster than conventional non-inverter compressor. It also ensures precise cooling, by maintaining the setting temperature even while running at minimal level.

 

LG Electronics also takes an interesting spin on washing and drying, showcased with the LG WashTower™ Compact laundry solution. Keeping in mind space-efficiency, this home appliance combines both a washer and dryer with an all-in-one control panel and advanced AI in a single, space-efficient unit. The washer offers a generous 13-kilogram capacity1 and its dryer, a 10-kilogram capacity, and requires less installation space than the average stackable or side-by-side washer and dryer pair of the same laundry capacity. It also comes with a flat, unibody design that provides an optimal laundry experience and brings a subtle and minimalist aesthetic. The WashTower™ also uses advanced laundry technologies such as Artificial Intelligence Direct Drive™ (AI DD™) to identify the most suitable washing pattern (drum motions, water temperature and wash cycle time) for each load, reducing fabric damage to help clothing last longer[1]. The Smart Pairing™ feature saves users time and hassle by syncing the dryer with the washer; automatically selecting the best drying cycle based on washer load settings, making it an excellent all-around performer2.

 

Alongside the washing and drying solutions, LG Electronics also showcased the LG Styler, a premium steam cleaning solution that can refresh garments in minutes. Built with a simple plug and play method, this solution aims to be a way of smarter styling, complete with a stylish look of its own.

 

For more details about LG Electronics’ range of products please visit: www.lg.com

 

About LG Electronics Home Appliance & Air Solution Company  

 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com. 

 

 

[1] Tested by Intertek on May 2022. Cotton cycle with 2 kg load compared to LG Conventional Cotton cycle. (F13EJN) Tested average fabric damage by inserting 5-hole swatches and comparing AI Class 1 vs AI Class 3 in Cotton cycle. AI09:30 AM DD is applied for Cotton, Mixed Fabric, Easy Care cycles only. The results may be different depending on the clothes and environment.

 

2 Tested by Intertek on Jul 2022. Comparing the total program time for washing and drying 2 pairs of pajama in Quick Wash cycle with Prepare to Dry option. Results may differ depending on load composition and environmental factors.

 

 

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LG-One

Nora Nassar

Email: Nora.Nassar@lg-one.com

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altafiber Continues Long Term Partnership With Netcracker for BSS OSS and Managed Services

WALTHAM, Mass. - Tuesday, 30. April 2024 AETOSWire

U.S. Technology Provider Benefits from a Stable IT Platform, Uninterrupted Operations, Lower Costs and the Ability to Build Out New Lines of Business

(BUSINESS WIRE) -- Netcracker Technology announced today that it will continue to deliver mission-critical IT functions, applications and services to altafiber, the leading supplier of fiber-based services in Greater Cincinnati.

altafiber's long-standing relationship with Netcracker includes managed and professional services for components of Netcracker Digital BSS and Digital OSS solutions, which support its B2C and B2B customers across Ohio, Kentucky and Indiana, as well as its subsidiary operations at Hawaiian Telcom.

altafiber has invested more than $1.5 billion into its Midwestern fiber network to date, reaching approximately 760,000 business and consumer addresses through its cutting-edge 10-Gig XGS-PON fiber network. With IT support from Netcracker, altafiber can deliver advanced residential and business services, including high-speed Internet, voice, television and whole home and managed Wi-Fi.

“Netcracker has been a strategic partner for many years,” said Kevin Murray, CIO at altafiber. “The strong partnership between our two companies has allowed us to focus on building out new lines of business, including our fiber-based Internet, voice and video services, which gives us new opportunities without worrying about our network operations and support.”

“altafiber’s trust in Netcracker to provide a broad range of BSS and OSS functions along with managed and professional services is truly gratifying,” said Rohit Aggarwal, GM at Netcracker. “We are proud to be altafiber’s partner of choice to support its cutting-edge infrastructure and services over an extensive fiber network footprint that continues to expand into new geographic markets.”

About Netcracker Technology

Rapid digitization is disrupting the status quo of today’s communications markets. Constantly evolving customer needs and behaviors require service providers to adapt quickly and diversify their businesses to deliver the outcomes that their customers expect. Building digital ecosystems, anticipating customer requirements and delivering a digital-first experience are essential for service providers to accelerate innovation, expand into new markets and become the disruptors in the 5G era.

Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in a digital economy. Our innovative solutions – including our flagship cloud-native Netcracker Digital Platform – value-driven services and unbroken delivery track record of three decades help service providers to achieve their digital transformation goals, drive the telco to techco evolution within their organizations and realize business growth and profitability. For more information, visit www.netcracker.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430805835/en/


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Media:

Anita Karvé
Netcracker Technology
MediaGroup@Netcracker.com

 

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Pacific Prime Affirmed as the Top Individual Producer of Allianz for Four Consecutive Years

(BUSINESS WIRE) -- International insurance brokerage Pacific Prime was awarded the Top Individual Producer Award 2024 by Allianz. On the 18th of March, the Allianz team visited Pacific Prime’s office in Dubai to present the award to acknowledge their exceptional performance in offering international health insurance solutions to individual clients worldwide.

The award represents an unparalleled level of expertise, professionalism, and excellence in delivering quality insurance solutions and client support that fulfill the unique needs of every individual.

Cheryl Beattie, Head of Sales and Distribution (Middle East & Africa) at Allianz acknowledged our continuous dedication by saying, “We are delighted to once again present Pacific Prime with the prestigious award of delivering the most growth in individual business for Allianz. They continue to secure this award year after year which is a true testament to their leading position in the industry – they truly are market-leading experts.”

Being the fourth continuous year of receiving the award, it speaks volumes about Pacific Prime’s dedication to offering outstanding client services and support. David Hayes, Regional CEO at Pacific Prime Dubai, was honored to receive the award on behalf of his professional team. “The award symbolizes our continuous effort and dedication to providing our clients with innovative insurance solutions, and it proves that our strategic direction of support – simplifying insurance, is the proactive way to enhance people’s health and well-being.”

About Pacific Prime

Established in 2000, Pacific Prime is an award-winning global insurance brokerage and employee benefits specialist that offers individual and corporate insurance solutions. With USD $750 million premium under management, Pacific Prime is now the third largest employee benefits broker in the Asia Pacific after acquiring CXA Group’s brokerage arms in 2021. The brokerage has over 1,000 employees and 15 offices worldwide including Hong Kong, Singapore, China, Thailand, Malaysia, UAE, Indonesia, the UK, the US, Mexico, the Philippines, and Australia.

To learn more about Pacific Prime, please visit: https://www.pacificprime.com/corporate

About Allianz Partners

Allianz Partners is a world leader in B2B2C insurance and assistance, offering global solutions that span international health and life, travel insurance, mobility, and assistance. Customer-driven, our innovative experts are redefining insurance services by delivering future-ready, high-tech high-touch products and solutions that go beyond traditional insurance. Our products are embedded seamlessly into our partners’ businesses or sold directly to customers, and are available through four commercial brands: Allianz Assistance, Allianz Automotive, Allianz Travel, and Allianz Care. Present in over 75 countries, our 19,400 employees speak 70 languages, handle over 58 million cases each year, and are motivated to go the extra mile to offer peace of mind to our customers around the world.

For more information, please visit: www.allianz-partners.com

 

 

 

Contacts

Stephen Ho
Chief Marketing Officer
Pacific Prime
+852 3589 0508

 

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AMGTA Releases Research on Sustainability of Powder and Wire Additive Feedstock

 

 

Research indicates that from an energy perspective, helium is the most sustainable method of gas atomization for metallic powder production and that the specific energy consumption critically depends on process parameters and alloy chemistry. Mechanical powder production such as ball milling, when appropriate for additive manufacturing, requires significantly less energy than atomization.

(BUSINESS WIRE) -- The Additive Manufacturer Green Trade Association (“AMGTA”) a global advocacy group focused on promoting sustainable additive manufacturing (“AM”) industry practices, announced today the preliminary results of a research project titled “Specific Energy of Metal AM Feedstock: A Comparison.” The study, commissioned by the AMGTA and conducted by Syntec Associates, a research consultancy, in partnership with Divergent Technologies, a complete modular digital factory for complex structures, evaluated three key metal AM feedstock processing approaches—gas atomization, mechanical milling (specifically ball milling), and wire drawing—to determine specific energy requirements for producing feedstock materials. The research findings highlighted that, from an energy perspective, helium gas atomization is the most sustainable method used for gas atomization for metallic powder production of commonly used alloys, followed by argon and then nitrogen. Specific energy consumption for atomization also critically depends on process parameters and alloy chemistry. Additionally, research showed that mechanical milling, when appropriate for use in powder production in additive manufacturing, exhibits a significant reduction in specific energy consumption when compared to gas atomization.

“When preparing life cycle assessments on industrial rate processing of our alloys, I found wide variation in the literature on AM process and powder atomization energy consumption,” said Michael Kenworthy, Chief Technology Officer at Divergent Technologies and AMGTA Board Director. “This research established a transparent set of process assumptions and models from which to understand the key process levers and evaluate system trade studies that inform future sustainability enhancements.”

Key takeaways from this study include:

  • Helium Gas Atomization is Best for Powder Atomization: Research indicates that, from an energy perspective, helium gas atomization stands out as the most sustainable gas atomization method, showing a significant reduction in specific energy consumption compared to argon and nitrogen for commonly used alloys.

  • Argon Atomized Powder is Better than Nitrogen: For those seeking an alternative to helium, argon-atomized powder is revealed to be a notable option, energy savings when compared to nitrogen-atomized powder.

  • Mechanical Milling Outperforms Gas Atomization: Mechanical milling, particularly ball milling, demonstrates a significant reduction in specific energy consumption compared to gas atomization for metal AM powder production.

  • Industry Guidance for Sustainable Choices: This research highlights the importance of selecting manufacturing methods with the lowest specific energy consumption per kilogram to enhance overall sustainability when producing feedstock materials used in additive manufacturing.

“A primary goal of the AMGTA is to educate the consumer on the most sustainable methods of production within the additive supply chain. This important piece of research provides guidance on which methods of gas atomization require the least amount of specific energy per kilogram,” said Brian R. Neff, AMGTA’s Board Chair. “At the same time, it indicates to the market that mechanical production methods of powder feedstock, such as ball milling, are themselves an order of magnitude better than gas atomization from an energy perspective.”

Gas atomization, deemed a promising technology for producing stock powders for additive manufacturing, was a focal point of the study. The research revealed that gas atomization using helium as the atomization gas resulted in the least total specific energy consumption compared to argon (13% better on average) and nitrogen (28% better on average). Additionally, argon-atomized powder was found to reduce energy requirements by 12% when compared to nitrogen-atomized powder for the alloys studied (SS316L, Al5083, and IN718).

The study also highlights the efficiency of mechanical powder production, particularly ball milling, which showed approximately a 90% improvement in specific energy consumption compared to gas atomization for the range of process conditions studied. Further research is recommended to determine the applied impact within specific product categories of using helium-atomized powder and/or ball milled powder.

“This research aligns with the AMGTA commitment to better understand sustainable manufacturing practices leveraging additive technologies,” said Sherri Monroe, the AMGTA’s Executive Director. “These findings highlight key considerations for manufacturers seeking environmentally friendly feedstock production methods. To advance sustainability in additive manufacturing, research is vital in order to make informed decisions.”

Highlights from the study can be found on the AMGTA’s website. The AMGTA says it expects to publish additional independent research throughout 2024. Additional information on this study and others conducted by the AMGTA can be found on the AMGTA website, www.AMGTA.org.

About the AMGTA

The AMGTA was launched in 2019 to better understand and promote the environmental benefits of additive manufacturing across the global economy. AMGTA members represent the entirety of the manufacturing spectrum - from design and raw materials to end products and users - focused on innovating better, more sustainable, and financially advantageous products through best additive practices. For more information, please visit www.amgta.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416215703/en/

 

 

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Sherri Monroe
smonroe@amgta.org
954.308.0888

 

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Yasmina in Yango Play: revolutionising entertainment with personalised, culture-rich interactions

 

Yasmina is a human-like AI assistant that speaks both Khaleeji Arabic and English and is deeply connected to the local culture. It is currently available exclusively within Yango Play, the first AI-powered entertainment super app combining video streaming, music, and mini-games in one place. App users can experience Yasmina's unique functionality and human-like interactions.

 

Here are a few features that set Yasmina apart and ensure a more personalised and seamless Yango Play experience.

 

AI with a human touch

 

Yasmina understands major Arabic dialects and has a unique ability to engage in authentic, consistent, and enjoyable conversations. You can have a friendly chat with the assistant and even ask Yasmina to tell you a joke.

 

Music expert

 

Yasmina suggests songs and plays music that suits your mood. You can just say, “Yasmina, play relaxing music”.

 

AI-driven entertainer

 

Yasmina is a treasure trove of entertainment knowledge. It can provide fun facts about actors and movies.

 

Cultural guide

 

Yasmina caters to both Arabic speakers and those interested in learning about the Arab world. It can recite surahs from the Holy Quran or tell you the Hijri calendar date and time.

 

Helpful companion

 

Whether you need to check a weather forecast, today's date, or a prayer time in any city of the world, Yasmina is there to help you throughout the day.

 

One tap away

 

Yasmina is available on smartphones to all Yango Play subscribers in the GCC and Egypt, ensuring a seamless, user-friendly experience that is just one tap away.

 

Download visual material here

 

 

 

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Anu Bhatnagar

NettResults Public Relations

anu.bhatnagar@nettresults.com

+971507286803

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OPEX® Infinity® Automated Storage and Retrieval System Wins Prestigious International Red Dot Award for Product Design

MOORESTOWN, N.J. - Tuesday, 30. April 2024

(BUSINESS WIRE) -- OPEX® Corporation, a global leader in Next Generation Automation for almost 50 years, is proud to announce its Infinity® automated storage and retrieval system (AS/RS) has been recognized with the prestigious Red Dot Award: Product Design 2024. The annual Red Dot Award design competition is regarded as one of the best-known and largest in the world, with winners selected by an international panel of experts who follow the credo, “In search of good design and innovation.”

“We are honored that our Infinity AS/RS has been named the winner of the Red Dot Award: Product Design 2024,” said Alex Stevens, President of Warehouse Automation, OPEX. “At OPEX, we’re continuously developing products and introducing new technology that will help our clients solve their most significant business challenges. Receiving this award demonstrates the significant effort our development team invested to bring Infinity to market.”

OPEX Corporation’s Infinity AS/RS is a goods-to-person technology solution for warehouse automation, designed to combine unparalleled storage density, configurability and flexibility, and increase productivity, throughput and labor utilization. The system features wireless Infinity iBOT® robotic vehicles that can access the entirety of inventory and port stations, moving freely underneath and throughout the system without any wasted mechanical motion, saving both time and cost.

The Infinity AS/RS utilizes a unique interlocking system to store totes triple-deep, and the configurable rack design optimizes warehouse space despite any obstructions that may exist, such as columns or other equipment. This solution is easily scalable by adding more iBOTs, presentation ports and storage expansion modules. With its unmatched reliability and accelerated throughput, the Infinity solution is ideal for multiple applications, including omni-channel distribution, store replenishment, micro-fulfillment and ecommerce.

“OPEX is committed to delivering advanced technology that transforms our clients’ supply chain infrastructure,” said Monty McVaugh, Head of Product, Warehouse Automation, OPEX. “The Infinity AS/RS has been meticulously engineered to improve workflow, reduce costs and drive efficiencies. Our team is deeply grateful this innovative solution is being recognized with the Red Dot Award: Product Design 2024.”

The coveted Red Dot distinction serves as the internationally recognized seal of outstanding design quality. This annual competition is divided into three disciplines: Product Design, Brands & Communication Design, and Design Concept. Award winners are honored at the Red Dot Gala in Essen, Germany, and featured in the Red Dot yearbook, museum and online.

The 2024 Red Dot Award: Product Design jury was comprised of 39 experts from 20 countries across four continents. Submissions were received from 60 different countries. Award winners were selected based on numerous aspects including aesthetic appeal, functionality, and smart or innovative engineering, with all of these attributes demonstrating outstanding design as a common theme.

About OPEX

OPEX® Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ, USA—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has more than 1,500 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430011335/en/

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Laura Evans
levans@opex.com
+1.856.727.1100 x 5012

 

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Spatial Announces Release 2024 1.0.1

BROOMFIELD, Colo. - Tuesday, 30. April 2024 AETOSWire Print 

2024 1.0.1 Delivers Advanced Functionality for Optimizing and Simplifying Complex Data during Import

(BUSINESS WIRE) -- Spatial Corp, the leading software development toolkit provider for design, manufacturing, and engineering solutions and Dassault Systèmes subsidiary, announces the production release of 2024 1.0.1.

Data Prep Is Officially Released

Open New Horizons in Data Import

After launching the alpha version, Data Prep, Spatial’s newest add-on product for 3D InterOp, is officially released to all customers. Supported strategies include filtering small bodies from a model, removing small holes and fillets, and generating an assembly structure from a part with duplicate bodies.

Over the past three months, customer interest confirms the market need for tools to simplify and optimize data during import. Spatial plans to invest further in Data Prep strategies. Functionality releasing soon includes:

Capabilities to reduce data to manage while preserving relevant features - to shorten model preparation times for multi-physics and process simulation workflows.

Ability to convert polyline data to continuous curves during file restore - to decrease memory consumption and allow for successful import.

Option to avoid model shrinkage due to Data Prep strategies like feature removal - to ensure accuracy of collision detection analyses.

Users interested in defining future strategies for Data Prep should contact their account manager.

3D InterOp Extends Support for BIM and Manufacturing

New Support for Navisworks and Writing DXF/DWG Drawing Sheets

The latest release allows BIM customers to read Navisworks files and write drawing sheets in a DXF/DWG format. Additionally, 3D InterOp offers expanded support for the Linux platform in Parasolid-based 3D InterOp.

Point and Table Patterns from Creo Files

Manufacturing relies on hole pattern metadata for automated machining processes such as drilling, milling, cutting, or punching. The latest release of 3D InterOp supports Point and Table type hole patterns in Creo Reader.

Enabling Support of More Formats through External Partners

Extensible 3D InterOp enables partners to create readers and writers for unsupported file formats. These external implementations integrate with existing formats to seamlessly exchange BREP and Visualization data. Customers wishing to develop custom readers and writers can reach out to their account manager for assistance.

Package Size Optimization

For customers not needing support for all bundled formats, ACIS-based 3D InterOp offers guidance on configuring a minimal library set for popular CAD and exchange formats. This minimizes the libraries shipped with their application, saving end-user disk space. For example, supporting only IGES + STEP formats reduces installed library size by 70%.

3D ACIS Modeler Improves Polyhedral Modeling

Polyhedral Sheet Thickening

Additive manufacturing or EDA workflows often start with input that is a 2D representation of a thin part to be processed. When printing or simulating the part, generating a realistic 3D model representing the object with its actual thickness is helpful. This release delivers an API to generate a thickened body from polyhedral sheets.

New Polyhedral Boolean Operations

ACIS now provides functionality to compute the intersection graph between two polyhedral bodies. It also allows combining disjointed polyhedral bodies into a single body, increasing the efficiency of downstream operations.

CGM Provides More Manufacturing Automation and Simulation Tools

Enhancements to Feature Recognition and Removal

Users can now specify an industry context to customize the behavior of feature recognition. Setting the industry context tailors feature recognition to provide intuitive results for applications as diverse as Body-in-White, Micro-Mechanics, and Civil Engineering. This release also offers functionality to remove chamfers.

Improved Polyhedral Modeling for Additive Manufacturing

This release provides various robustness and performance enhancements targeting polyhedral healing and offset. For both types of operations, options are now available to tune the performance for specific configurations.

New Medial Axis Extraction Operator

Simulation engineers need tools to simplify the geometry of parts to reduce analysis computation time. This release features the beta version of the Neutral Fiber Operator, which reduces radially symmetric 3D bodies to a one-dimensional line.

CSM/CVM: Improvements to Cartesian Core Workflows

CVM generates Cartesian elements for interior meshing, resulting in accurate triangular surface meshes and predominantly hexahedral volume meshes. Users can now control the size of these elements, which were previously determined automatically based on surface mesh element size.

About Spatial Corp.

Spatial Corp, a Dassault Systèmes subsidiary, is the leading provider of 3D software development toolkits for technical applications across a broad range of industries. Spatial 3D modeling, 3D visualization, and CAD translation software development toolkits help application developers deliver market-leading products, maintain focus on core competencies, and reduce time-to-market. For over 35 years, Spatial’s 3D software development toolkits have been adopted by many of the world’s most recognized software developers, manufacturers, research institutes, and universities. Headquartered in Broomfield, Colorado, Spatial has offices in the USA, Germany, Japan, China, and the United Kingdom. For more information, visit www.spatial.com.

 

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Contacts
Fériel Jedidi
feriel.jedidi@3ds.com
+33 1 61 62 82 01

 

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WEF Special Meeting concludes in Riyadh with world leaders calling for clear, irreversible path to peace and prosperity as top global priority

Riyadh, Saudi Arabia - Monday, 29. April 2024

Riyadh provides global platform for leading public and private players to launch initiatives, make major announcements on cancer treatment, polio eradication, new AI coalition

Riyadh hosted more than 1,000 global leaders for the two-day World Economic Forum (WEF) Special Meeting in Riyadh, where leading political, economics, energy and technology figures called for clear pathways to stability, prosperity and inclusive growth opportunities in the face of rising cross-border challenges.

 

The more than 1,000 participants in for the WEF Special Meeting on Global Collaboration, Growth and Energy for Development made it the highest-ever number of registrations for a WEF event hosted outside of its Annual Meeting venue in Davos Klosters, Switzerland.

The Special Meeting set the stage for the launch of several initiatives in the fields of healthcare, artificial intelligence, space and sustainability. On the final day of the meeting, chief executive officer of Moderna, Stéphane Bancel, said the American pharmaceutical company is working to have the first product for cancer on the healthcare market, potentially as early as 2025.

On the first day of the meeting, the Saudi Ministry of Health signed a memorandum of understanding with the Bill & Melinda Gates Foundation to ensure equitable access to healthcare services for all, and to deliver more vaccines against polio, measles, and other vital health services to millions of children worldwide. It was one of several agreements signed by the Foundation with the Kingdom to improve global health systems and access.

During the final plenary session, Saudi Arabia’s Minister of Economy and Planning His Excellency Faisal Alibrahim announced that the Kingdom joined the AI Governance Alliance, and will co-launch the ‘Inclusive AI Initiative for Growth and Development’, to develop solutions for AI access and adoption.

The Saudi Space Agency also announced that it will launch the Center for Space Futures in the Kingdom later this year, in collaboration with WEF. The Center will serve as a platform for public-private dialogues and foster the growth of the global space economy.

A Saudi Arabia-led Sustainability Champions Network was also launched on the sidelines of the Special Meeting to accelerate Saudi’s private sector decarbonization efforts.

Saudi Arabia also announced an extension to its collaboration with WEF’s innovation platform UpLink, with two new initiatives that focus on developing solutions to reducing emissions through the circular carbon economy and regenerating the world’s oceans through blue economy innovations.

 

WEF President Børge Brende hailed the Special Meeting in Riyadh a consequential gathering that drew the attendance of key global leaders including the President of Palestine, Mahmoud Abbas, United States Secretary of State, Anthony Blinken, the United Kingdom’s Foreign Secretary David Cameron.

 

Leading philanthropist Bill Gates joined a session on “Bridging the Health Gap”, alongside Dr. Tedros Adhanom Ghebreyesus Director-General, World Health Organization (WHO), and Fahad bin Abdurrahman Al-Jalajel​, Minister of Health, Ministry of Health of Saudi Arabia.


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AM Best to Speak, Sponsor and Exhibit at Dubai World Insurance Congress 2024

(BUSINESS WIRE)--AM Best will join a series of roundtable sessions, as well as sponsor and exhibit, at the annual Dubai World Insurance Congress, which will take place 29-30 April 2024, in Dubai.

Roundtable discussions with participation from key AM Best executives include:

  • “MGAs – Catalyst for Growth and Innovation,” scheduled for Monday, 29 April, at 2 p.m. GST. Nick Charteris-Black, managing director, market development, Europe, Middle East and Africa, will join the discussion, which brings together industry experts, regulators and others to share their insights on the fast-growing managing general agent segment that has reshaped the traditional insurance distribution model. Innovation within the segment will be a key topic as well, with discussion of the Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAE).
  • “Political Violence: Navigating New Risks,” which will take place on Tuesday, 30 April, at 12:30 p.m. GST. Greg Carter, managing director, analytics, EMEA and Asia-Pacific, will take part in the discussion on the burgeoning political violence insurance market. The rapid pace of growth in this specialty market has largely been driven by geopolitical risk volatility, as loss events and tensions around the globe have put pressure on existing products and spurred standalone political violence segment growth. The roundtable will explore regional markets for the coverage, the state of underwriting expertise and what the future holds for the expanding line of business.
  • “Takaful & Retakaful...Resurrection” is slated for Tuesday, 30 April, at 2 p.m. GST. Vasilis Katsipis, general manager, MENA, South and Central Asia, will participate. This discussion will explore the factors that have hindered the market’s development, particularly in the GCC region, but also will look at recent developments that indicate a market revitalization as some standalone Takaful companies and so-called Retakaful windows have been able to navigate ups and downs in the global economy.

AM Best is a silver sponsor of the annual Dubai World Insurance Congress, which will be held at Atlantis, The Palm. Representatives of AM Best will be available at booth No. 3 to discuss Best’s Credit Ratings and Best’s Performance Assessments for DUAEs, as well as other AM Best insurance sector reports, data and analytic resources and rating services.

The event, hosted by Global Reinsurance (GR) and the Dubai International Financial Centre, offers a platform to connect the region’s markets with the economies of Europe, Asia and the Americas. For more information on the event, please view the Dubai World Insurance Congress event page.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

 

 

 

Contacts

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

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Todd Clegg Named Carestream’s Chief Executive Officer

(BUSINESS WIRE) -- Carestream, a world-leading provider of medical imaging systems and non-destructive testing solutions, announced that Todd Clegg has been named CEO and appointed to the Board of Directors, effective immediately.

Mr. Clegg joined Carestream in October last year and has been the company’s interim CEO since December 1. “I am excited to continue in my role as leader of Carestream and to build upon the success we’ve had over the last six months,” he remarked. “Carestream has been a consistent leader in the healthcare and non-destructive testing markets with innovative products and solutions and we expect this to continue going forward. I also want to thank the Carestream team and Board for welcoming me into the organization and for their support getting me up to speed quickly and effectively.”

Mr. Clegg is an experienced executive, investor, and board member with two decades of experience helping lead organizations through periods of growth, innovation and transition. Prior to joining Carestream, he was a Managing Director at Onex, where he oversaw a team of individuals responsible for sourcing, overseeing, growing, and exiting control investments in private companies. Over his 17 years at Onex, he was responsible for 14 platform company investments representing over $7 billion of invested equity and more than a hundred add-on investments and financings. Mr. Clegg is a current board member of Lannett Company, QualTek Services, and The Goddard Center. He is a prior board member of over 10 large corporations and an alumnus of the University of Pennsylvania’s Wharton School of Business.

About Carestream Health

Carestream is a worldwide provider of medical imaging systems; X-ray imaging systems for non-destructive testing; and precision contract coating services for a wide range of industrial, medical, electronic, and other applications—all backed by a global service and support network. For more information about the company’s broad portfolio of products, solutions, and services, please contact your Carestream representative, or call 1-888-777-2072, or visit www.carestream.com.

CARESTREAM is a trademark of Carestream Health.

“Rx only”

2024

 

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La réunion Spéciale du FEM s'achève à Riyad avec les dirigeants du monde appelant à s’engager dans une voie claire et irréversible vers la paix et la prospérité comme priorités mondiales

Riyad-Arabie Saoudite - mardi, 30. avril 2024

Riyad fournit une plateforme mondiale permettant aux principaux acteurs des secteurs public et privé de lancer des initiatives et de faire des annonces majeures sur le traitement du cancer, l'éradication de la polio et une nouvelle coalition sur l'IA.

Riyad a accueilli plus de 1000 dirigeants internationaux pour la réunion spéciale étalée sur deux jours du Forum économique mondial (FEM ) et au cours de laquelle des personnalités des mondes politiques et économiques, mais aussi des secteurs de l’énergie et de la technologie, de premier plan ont appelé à s’engager dans des voies claires menant vers la stabilité, la prospérité et des opportunités de croissance inclusive à travers le monde pour faire face aux défis transfrontaliers croissants.

Avec plus de 1000 participants, la réunion spéciale du FEM à Riyadh sur la collaboration mondiale, la croissance et l'énergie pour le développement a enregistré le nombre d'inscriptions le plus élevé jusqu’à présent pour un événement du FEM tenu en dehors de sa réunion annuelle à Davos, en Suisse.

La réunion spéciale a ouvert la voie au lancement de plusieurs initiatives dans les domaines de la santé, de l'intelligence artificielle, de l'espace et de la durabilité. Au cours du dernier jour de la réunion, le PDG de Moderna, Stéphane Bancel, a annoncé que la société pharmaceutique américaine travaillait sur le lancement du premier produit contre le cancer sur le marché de la santé, éventuellement dès 2025.

Dans ce contexte, le premier jour de la réunion, le ministère saoudien de la Santé a signé un protocole d'accord avec la Fondation Bill & Melinda Gates visant à garantir un accès équitable aux soins de santé pour tous et à fournir davantage de vaccins contre la polio, la rougeole et d'autres services vitaux à des millions d'enfants dans le monde. Il s'agit de l'un des nombreux accords signés par la Fondation avec le Royaume afin d’améliorer les systèmes de santé mondiaux ainsi que d’y faciliter leur accès.

Au cours de la dernière séance plénière, le ministre Saoudien de l'Économie et de la Planification, Son Excellence Fayçal F. Alibrahim, a annoncé que le Royaume avait rejoint ‘l'AI Governance Alliance’ pour le co-lancement de « l’Initiative inclusive de l'IA pour la croissance et le développement », qui développera les solutions pour permettre un accès mondial à l’IA ainsi que son adoption.

Pour sa part, l'Agence spatiale saoudienne a également annoncé son intention de créer un Centre pour l'avenir de l'espace, ultérieurement cette année, en collaboration avec le WEF. Ce Centre servira de plateforme pour les discussions public-privé sur la collaboration favoriser la croissance de l’économie spatiale mondiale.

Un réseau de champions du développement durable dirigé par l’Arabie Saoudite a également été lancé en marge de la réunion spéciale pour accélérer les efforts de décarbonation du secteur privé saoudien.

L’Arabie Saoudite a également annoncé avoir étendu sa collaboration avec la plateforme d’innovation ‘UpLink’ du FEM, avec deux nouvelles initiatives axées sur le développement de solutions pour réduire les émissions de CO2 grâce à l’économie circulaire du carbone, ainsi que sur la régénération des océans du monde à travers les innovations de l’économie bleue.

Par ailleurs, le président du WEF, Børge Brende, a salué la réunion spéciale de Riyad, considérée comme un rassemblement important qui a attiré la participation de dirigeants mondiaux clés, notamment le président de la Palestine, Mahmoud Abbas, le secrétaire d'État des États-Unis, Anthony Blinken, et le ministre des Affaires étrangères du Royaume-Uni, David Cameron.

De son côté, le philanthrope de renom Bill Gates a participé à une session intitulée « Combler les écarts en matière de santé », aux côtés du Dr Tedros Adhanom Ghebreyesus, directeur général de l'Organisation mondiale de la santé (OMS), et de Fahad ben Abderrahman Al-Jalajel, ministre de la Santé de l'Arabie Saoudite.


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Gradiant Launches CURE Chemicals for the World’s Essential Industries

 

Comprehensive portfolio of over 300 proprietary chemical formulations with on-site expertise and world-class service enhances efficiency and sustainability while maximizing cost savings

 

(BUSINESS WIRE)--Gradiant, a global solutions provider for advanced water and wastewater treatment, announced today the launch of CURE Chemicals. Continuing Gradiant’s track record of innovation and commercialization, CURE Chemicals will set new benchmarks in environmental sustainability and operational efficiency for the world’s essential industries.

The CURE Chemicals product line includes over 300 proprietary formulations for corrosion and scale inhibitors, process chemicals, biocides, antiscalants & cleaners, and coagulants & flocculants. These products are engineered to enhance the effectiveness and efficiency of water treatment processes while minimizing their environmental footprint.

"The launch of CURE Chemicals represents a major milestone for Gradiant as we expand our portfolio to include specialty chemicals that complement our end-to-end water solutions capabilities," said Prakash Govindan, COO of Gradiant. "We are now the water industry’s only complete, site-wide portfolio providing bespoke design, proprietary equipment, O&M services, and specialty chemicals uniquely positioned to deliver whole-system expertise complemented by SmartOps AI for accurate, intelligent operation.”

CURE is developed via cutting-edge research combined with operational feedback tailored to meet the demanding requirements of industries ranging from semiconductors to renewables, mining to energy, and food & beverage to pharmaceuticals. "We are excited to bring these chemical solutions to the global market, which not only perform better than incumbents but also adhere to the highest standards of safety and sustainability, all at compelling value to our clients," said Vipan Kalia, Head of Chemicals at Gradiant.

For more information on how CURE Chemicals can benefit your operations, please visit gradiant.com/solutions/cure-chemicals.

About Gradiant
Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, the company serves its clients' mission-critical operations in the world's essential industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. Gradiant’s innovative solutions reduce water used and wastewater discharged, reclaim valuable resources, and renew wastewater into freshwater. The Boston-headquartered company was founded at MIT and has over 1,000 employees worldwide. Learn more at gradiant.com.

 

 

 

Contacts

Corporate Contact
Felix Wang
Gradiant
Global Head of Marketing
fwang@gradiant.com

 

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Geopolitical stability, inclusive growth, energy security under spotlight in Riyadh at World Economic Forum Special Meeting

Riyadh, Saudi Arabia 
Riyadh convened global leaders today at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity.

Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy for Saudi Arabia said a just and equitable energy transition will only be achieved by using a range of energy sources to diversify the global energy market. Access to secure and reliable energy, he said, is crucial to enabling people and communities from emerging nations achieve meaningful economic development.

In a session on ‘North to South, East to West: Rebuilding Trust’, His Highness Prince Faisal bin Farhan Al Saud, Saudi Arabia’s Minister of Foreign Affairs, led a discussion on addressing critical challenges through cooperation, speaking of the need to solve the humanitarian crisis in Gaza through “a real commitment to a two-state solution that is a credible, irreversible path to a Palestinian state.”

At the first WEF Open Forum to be hosted outside of Davos, Her Royal Highness Reema Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, reflected on the Kingdom’s cultural awakening, saying, “right now, what you’re watching is a renaissance of this country falling in love with its heritage.”

Reflecting on the progress of Saudi Vision 2030, His Excellency Adel Aljubeir, Minister of State for Foreign Affairs of Saudi Arabia, said: “We want to build a country that is diversified, that is inclusive, that is based on technology, that competes in the world and that is part of the global trading system.

At the start of the first day of the Special Meeting, His Excellency the Saudi Minister of Finance, His Excellency Mohammed Aljadaan, said that for long-term planning, countries need to be agile in dealing with economic challenges by making adjustments depending on circumstance.

Meanwhile, His Excellency Abdullah Alswaha, Saudi Arabia’s Minister of Communications and Information Technology, discussed the link between artificial intelligence and economic growth, stating, “we are not at a tipping point, but a turning point in humanity,” while highlighting how Saudi Arabia is doubling down on AI diffusion across multiple sectors.

His Excellency Ahmed Al-Khateeb, Saudi’s Minister of Tourism, said. “in just five years, Saudi Arabia's tourism sector has nearly doubled, growing from $35 billion to $66 billion, with our sights set on reaching $80 billion this year.”

Welcoming delegates to the two-day event, His Excellency Faisal Alibrahim, Saudi’s Minister of Economy and Planning welcomed global leaders to the “global growth platform” that Saudi Arabia has become under Saudi Vision 2030, and stressed the importance of building a more inclusive global economy “where every nation has the chance to thrive, regardless of its wealth or status”.


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Saudi Arabia Ministry of Economy and Planning

Wooud Alquaied

walquaied@mep.gov.sa

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Musée Al Shindagha - Un voyage moderne à travers le riche patrimoine culturel et artisanal de Dubaï

Géré par l'Autorité de la Culture et des Arts de Dubaï (Dubai Culture)

 

Alors que Dubaï s'apprête à accueillir la prestigieuse Conférence générale du Conseil international des musées (ICOM) pour la première fois dans la région MENASA en 2025, le musée Al Shindagha est en passe de jouer un rôle primordial dans cet événement historique. Géré par l'Autorité de la Culture et des Arts de Dubaï (Dubai Culture), le musée témoigne de la richesse du patrimoine culturel et artisanal des Émirats arabes unis.

 

Le musée Al Shindagha, le plus grand musée du Patrimoine des Émirats arabes unis, est une étape incontournable pour comprendre Dubaï. Il permet aux visiteurs d’explorer la riche et unique tapisserie d'histoires et propose des voyages distinctifs à travers un éventail de 22 pavillons nichés dans plus de 80 maisons historiques traditionnelles, célébrant l'histoire et la culture de Dubaï. Le musée offre à ses visiteurs l’opportunité de s'immerger dans le passé émirati à travers diverses collections, expositions et archives. Ceux-ci ont été rassemblés collectivement grâce à la collaboration entre le musée et plus de 100 membres de la communauté, illustrant un effort commun entre le musée et la population pour préserver et mettre en valeur leur héritage collectif.

 

Le musée présente ses récits d'une manière moderne et attrayante, en utilisant une technologie d'interprétation avancée et des outils éducatifs interactifs pour retracer l'évolution de Dubaï et ses réalisations exceptionnelles. Cette approche souligne la pertinence des collections du musée, qui capturent l'essence du patrimoine de Dubaï à travers le prisme de son tissu urbain en développement.

 

Les pavillons du musée Al Shindagha sont conçus de manière à présenter un équilibre entre les modèles d'interprétation passifs et interactifs. Le musée se concentre avant tout sur la préservation des récits traditionnels vivants du pays. Les technologies émergentes utilisées tout au long du musée, comme dans le pavillon « Culture of the Sea » et « Life of Land : Expressions House », ont permis de numériser et de diffuser le contenu.

 

Le pavillon « Dubai Creek : Birth of a City » propose aux visiteurs un voyage audiovisuel immersif qui résume la longue histoire inspirante du développement de l'émirat. En complément de ce voyage sensoriel, le pavillon « Perfume House » invite les visiteurs à découvrir les racines historiques parfumées de Dubaï, offrant une exploration évocatrice à travers les arômes qui l'ont embaumée.

 

Le musée Al Shindagha joue un rôle crucial en tant que gardien du riche patrimoine culturel de Dubaï. Il se présente non seulement comme un musée, mais un témoignage vivant du riche passé de la ville, qui continue à s’enrichir en cultivant le contenu local et en tenant compte des commentaires des visiteurs, guidé par son principe directeur d'être un musée par le peuple pour le peuple.


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Antoine Boghos, +971503310001

antoine@cbpr.me

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