GMI

UCLOUDLINK GROUP INC. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Research, OTA, Software as a service, UCL, Platform as a service, Growth, Internet of things, COVID-19, ESIM, SIM, Travel, Internet, GMI, ADS, CPE, Depreciation, GAAP, Marketing, Total, Video game

Loss from operations was US$1.9 million, compared to a loss from operations of US$1.1 million in the fourth quarter of 2022.

Key Points: 
  • Loss from operations was US$1.9 million, compared to a loss from operations of US$1.1 million in the fourth quarter of 2022.
  • Net loss was US$1.8 million, compared to a net loss of US$1.1 million in the fourth quarter of 2022.
  • Adjusted EBITDA (non-GAAP) was US$1.5 million, compared to an adjusted EBITDA of US$1.6 million in the fourth quarter of 2022.
  • During the fourth quarter of 2023, 47.0% of daily active terminals were from uCloudlink 2.0 local data connectivity services and 53.0% of daily active terminals were from uCloudlink 1.0 international data connectivity services.

ANTERIX JOINS CONSORTIUM OF NATIONAL LABORATORIES AND LEADING SOLUTION PROVIDERS IN SUPPORT OF GRID MODERNIZATION EFFORT

Retrieved on: 
Thursday, March 14, 2024
Connectivity, Communication, Ecosystem, Oak Ridge National Laboratory, EPRI, National Renewable Energy Laboratory, EVS, Grid, Pacific Northwest National Laboratory, ATEX, GMI, Energy, Avista, ABB, Electric power distribution, Assessment, PNNL, DOE, Renewable energy

WOODLAND PARK, N.J., March 14, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its participation in a broad alliance among energy industry leaders that are supporting the U.S. Department of Energy's (DOE's) national laboratories' efforts to help modernize the energy grid.

Key Points: 
  • Anterix is joining Idaho National Laboratories, the National Renewable Energy Laboratory, Oak Ridge National Laboratory, the Pacific Northwest National Laboratory (PNNL), ABB, Amazon, Avista Utilities, EPRI, the National Rural Electric Cooperative Association, Nokia, and Survalent to support the Assessment of Communication Architectures for Energy Systems (ACAES).
  • ACAES is one of nine projects, led by national laboratories and public- and private-sector entities, that are components of the DOE's 2023 Grid Modernization Initiative (GMI) , announced in September 2023.
  • "Today's announcement demonstrates Anterix's deep commitment to—and our expertise in—helping our utility customers keep the grid secure," commented Rob Schwartz, President & CEO of Anterix.
  • "High-speed, high-capacity, secure grid communications are more vital than ever as threats to the energy grid increase.

EV Projects Lead Kentucky to $13.75 Billion in Industrial Manufacturing Projects, an Industrial Info News Alert

Retrieved on: 
Wednesday, February 14, 2024
EV, Electric Vehicles, Off-Road Trucks & SUVs, Batteries, Technology, Automotive, State, Local, Other Transport, Trucking, Air, Transport, Automotive Manufacturing, Public Policy, Government, Manufacturing, Navigator, Lincoln, Database, USD, Research, United Parcel Service, News, SUV, GMI, Ford Motor Company, Louisville International Airport, Super Duty, Expedition, Kenworth, Ford, UPS, SK Innovation, IIR, Renewable energy

Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.

Key Points: 
  • Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.
  • Toyota did not announce a planned kickoff or completion date for the project, but Industrial Info is tracking a tentative kickoff date of January 2025.
  • Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here to read a detailed project report.
  • The highest-valued non-automotive Industrial Manufacturing project in Kentucky is the construction of clean-energy storage company EnerVenue 's (Fremont, California) new 1 million-square-foot gigafactory in Shelbyville.

Freeport-McMoRan on Copper Prices: You Ain't Seen Nothing Yet, an Industrial Info News Alert

Retrieved on: 
Friday, January 26, 2024
Banking, Technology, Professional Services, Automotive, Mining, Minerals, Natural Resources, Machinery, Other Manufacturing, Steel, Other Technology, Manufacturing, Batteries, Hardware, EV, Electric Vehicles, Finance, Asset Management, Consumer Electronics, IIR, Research, GMI, Metso, FCX, Metal, Government, Book, Caterpillar Inc., Environment, Gold, SX/EW, Safety, Plant, USD, Molybdenum, Copper, Robotics, Quirk, Freeport-McMoRan, News, Tankhouse, Outotec

Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.

Key Points: 
  • Those expectations for copper are flat when compared with 2023's results, but exceed last year's sales of gold and molybdenum.
  • "As a result, inventories of copper around the world are at historically low levels, and the inventory levels are really inconsistent with the current copper price."
  • Looking ahead, the world's going to need significantly more copper in the future for a variety of factors.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

Milei Takes the Helm in Argentina While Mining Remains in the Background, an Industrial Info News Alert

Retrieved on: 
Monday, January 22, 2024
Chemicals, Plastics, Manufacturing, Oil, Gas, Finance, Other Construction & Property, Public Policy, Government, Energy, Professional Services, Construction & Property, Other Natural Resources, Mining, Minerals, White House, Federal Government, Natural Resources, Other Policy Issues, IIR, Research, Omnibus, GMI, Policy, Attention, La Noche, Metal, Interview, Copper, Privatization, Environment, Investment, Lithium, Congress, USD, Mineral, Private sector, News

The energy sector has been one of his priorities since coming to power, although mining operations have been left on the side.

Key Points: 
  • The energy sector has been one of his priorities since coming to power, although mining operations have been left on the side.
  • Milei has moved to end fuel and gas subsidies, halt public investments and reduce the size of the government.
  • Also, the reform measure includes benefits for major projects in Argentina as a way to attract investors to the country, which could benefit the mining sector.
  • Despite these announcements, the mining sector is still on standby, awaiting more signs of what could happen.

Make Sure to RSVP for IIR's 2024 North American Market Outlook, an Industrial Info News Alert

Retrieved on: 
Tuesday, January 9, 2024
Chemicals, Plastics, Utilities, Oil, Gas, Manufacturing, Alternative Energy, Energy, Research, GMI, Market, RSVP, Investment, Electric power, USD, Network, News

Researched by Industrial Info Resources--Industrial Info is pleased to be presenting its popular in-person North American Industrial Market Outlook & Networking Event at the Houston Marriott Sugar Land, near IIR's world headquarters, on January 17.

Key Points: 
  • Researched by Industrial Info Resources--Industrial Info is pleased to be presenting its popular in-person North American Industrial Market Outlook & Networking Event at the Houston Marriott Sugar Land, near IIR's world headquarters, on January 17.
  • Chemical Processing - Industrial Info is tracking more than $155 billion in U.S. and Canadian chemical projects planned for the next two years.
  • While many of the projects being tracked by Industrial Info will be cancelled, placed on hold or delayed, the potential magnitude of the investment of these industrial sectors is substantial.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.

SOHM Announces Business Outlook for 2024

Retrieved on: 
Tuesday, December 5, 2023
Marketing, Gene editing, Research, FDA, GMI, Medication, University, Consumer Healthcare Products Association, CDMO, DNA, Patent, Amazon (company), IBN, Interim, OTC, PR Newswire, Pharmaceutical industry

-- Branded Generics (off-patent prescription pharmaceuticals)

Key Points: 
  • CHINO HILLS, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- via IBN -- SOHM, Inc. (OTC PINK: SHMN) (the “Company”), a pharmaceutical, nutraceutical and cosmeceutical Company that manufactures and markets generic drugs covering numerous treatment categories, announced:
    SOHM Announces Business Outlook for 2024 for each of its Business Units.
  • SOHM, Inc. is organized into the following business units:
    For each business unit, the Company will provide a 2024 outlook along with relevant business unit-specific status on: market backgrounds, business strategy, business model, branding strategy, sales channels, and commercial status.
  • The Company anticipates deriving 50-55% of its revenues from the branded generic business division during the year 2024.
  • Interim scientific results from R&D will be available during SOHM’s participation at:
    April 2024: American Association of Cancer Research 2024 in San Diego, CA
    May 2024: SynbioBeta 2024 in San Jose, CA
    The Company is planning to commence its first ABBIE kit manufacturing within 2024.

Four Nails in the $100-Per-Barrel-Oil-by-December Coffin, an Industrial Info News Alert

Retrieved on: 
Wednesday, December 13, 2023
Oil, Gas, Energy, Hamas, WTI, BBL, Hydrocarbon, Research, Hope, EIA, International Energy Agency, Baby boomers, IIR, USD, Christmas, West Texas Intermediate, News, GMI, IEA, Gasoline, Cryptocurrency, Renewable energy, Great Lakes Paper

Specifically, Industrial Info's Hillary Stevenson says, "With oil being a global commodity, it's no secret that macroeconomics are making the biggest impact."

Key Points: 
  • Specifically, Industrial Info's Hillary Stevenson says, "With oil being a global commodity, it's no secret that macroeconomics are making the biggest impact."
  • Also, adds Industrial Info's Geoffrey S. Lakings, demand in the U.S. and pretty much everywhere else is failing to live up to expectations.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.
  • Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries.

GMI Starts Whole of State Blog Series

Retrieved on: 
Wednesday, November 29, 2023
Blog, State, SLED, Education, Private sector, GMI, Online shopping, K12

PHOENIX, Nov. 29, 2023 /PRNewswire/ -- GMI , a thought leader on Whole-of-State, today announced the first in a blog series designed to educate State, Local, and the Education (SLED) Sector about Whole-of-State.

Key Points: 
  • PHOENIX, Nov. 29, 2023 /PRNewswire/ -- GMI , a thought leader on Whole-of-State, today announced the first in a blog series designed to educate State, Local, and the Education (SLED) Sector about Whole-of-State.
  • The weekly blog series is from Jennifer Pittman-Leeper , a former State of Arizona Security strategist who helped Arizona begin its journey working with local governments, K12s, tribal entities, and the private sector.
  • "Whole-of-state is all about collaboration and teamwork," said Tim Roemer, Chief Security Officer at GMI.
  • "Our team brings the experience of building a Whole-of-State program from the ground up."

Nigeria's Dangote Refinery Opens, to Process Crude from State Oil Firm, an Industrial Info News Alert

Retrieved on: 
Wednesday, November 8, 2023
Oil, Gas, Energy, FPSO, PADD, Theft, Gasoline, News, NNPC, Conference, Dangote Refinery, Districts of Zambia, Research, Light, Sulfur, NPPC, Niger Delta, Petroleum Administration for Defense Districts, IIR, Reuters, USD, NNPC Limited, Aliko Dangote, GMI, EIA, UN

Because the nation's three existing refineries have been largely shut in since 2020 (totaling 445,000 BBL/d of nameplate refining capacity), Nigeria since has had to rely on imports for 90% to 95% of its refined products. And all that oil--mostly categorized as light, sweet crude--needs to be exported, instead of being refined at home.

Key Points: 
  • Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.
  • Industrial Info also is tracking 22 projects, worth US$13.73 billion, that are tied to the Dangote Refinery.
  • Industrial Info will continue to monitor the situation, including the Dangote crude unit's commissioning and utilization rates.
  • In related news, Industrial Info learned at the London conference that NNPC is creating a new crude blend, which it calls "Nembe Crude."