Industrial

Mangan, Inc. Strengthens Its Portfolio with the Strategic Acquisition of VE Technology from Orbital Gas

Retrieved on: 
Monday, April 8, 2024
Mangan, Acquisition, Industrial, Engineering, Retail

LONG BEACH, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Mangan, Inc., renowned for its comprehensive engineering and integration services, proudly announces the strategic acquisition of VE Technology® from Orbital Gas. VE Technology is known for its innovative helical strakes designed to eliminate vortex shedding, vibrations, and associated cyclic stresses on sample probes used in process sample extraction applications. This significant acquisition underscores Mangan's dedication to enhancing operational safety and efficiency in the Industrial Processing and Manufacturing industries involving gas and liquid applications.

Key Points: 
  • LONG BEACH, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Mangan, Inc., renowned for its comprehensive engineering and integration services, proudly announces the strategic acquisition of VE Technology® from Orbital Gas.
  • VE Technology is known for its innovative helical strakes designed to eliminate vortex shedding, vibrations, and associated cyclic stresses on sample probes used in process sample extraction applications.
  • This significant acquisition underscores Mangan's dedication to enhancing operational safety and efficiency in the Industrial Processing and Manufacturing industries involving gas and liquid applications.
  • Reflecting on the acquisition, Richard Gaas, President - Gulf Coast at Mangan, Inc., stated, "Acquiring VE Technology marks a transformative step for Mangan.

SEALSQ Corp Announces 2023 Fiscal Year Results

Retrieved on: 
Thursday, March 21, 2024
Well, Consumer, Medical device, EV, Annual report, Conference, Smart, Growth, SCS, Internet of things, Form, Machine, Electric vehicle, Kyōto Station, Research, Container, Bank statement, Industrial, Conference call, Investment, Semiconductor, Smart meter, Ecosystem, Post-quantum cryptography, Chips Act, PKI, Engineering, FPGA

SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a leader in the development and sales of semiconductors, PKI, and post-quantum technology hardware and software products, today announced its full year results for the period ending December 31, 2023 (FY 2023).

Key Points: 
  • SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a leader in the development and sales of semiconductors, PKI, and post-quantum technology hardware and software products, today announced its full year results for the period ending December 31, 2023 (FY 2023).
  • Gross profit of $14.0 million in FY 2023, $4.2 million higher than the gross profit of $9.8 million in FY 2022.
  • Carlos Moreira, CEO of SEALSQ noted, “Our fiscal 2023 results demonstrated the strength of our business today and present a solid foundation for future growth.
  • SEALSQ filed its annual report on Form 20-F (the "Form 20-F") for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission on March 21, 2024.

PassiveLogic Wins iF DESIGN AWARD for Hive Autonomous Platform

Retrieved on: 
Thursday, March 21, 2024
Hive, Industrial, Service, AMS, If, Food delivery

SALT LAKE CITY, March 21, 2024 (GLOBE NEWSWIRE) -- PassiveLogic , creator of the first platform for generative autonomy, announced today that it won an iF DESIGN AWARD for the Hive™ Autonomous Platform —the first Autonomous Management System (AMS) in the world.

Key Points: 
  • SALT LAKE CITY, March 21, 2024 (GLOBE NEWSWIRE) -- PassiveLogic , creator of the first platform for generative autonomy, announced today that it won an iF DESIGN AWARD for the Hive™ Autonomous Platform —the first Autonomous Management System (AMS) in the world.
  • PassiveLogic’s winning product, the Hive Autonomous Platform, won in the Service Design discipline in the Industrial Productivity category.
  • The Hive Autonomous Platform won over the 132-member jury, made up of independent experts from all over the world, showcasing the breakthrough opportunities created by generative autonomy to enable autonomous buildings.
  • The Hive Autonomous Platform combines both, without compromise, to deliver the first tools for autonomy that empower everyone to design and manage their own autonomous system.”

DRIVEITAWAY’S MICRO-LEASE PLATFORM HELPS SOLVE ONE OF THE LARGEST EMPLOYMENT PROBLEMS TODAY – GETTING TO AND FROM THE JOB

Retrieved on: 
Wednesday, March 20, 2024
EV, Partner, Organization, Environment, EVS, Employment, Transport, United, Industrial, OTC, Traction, Region, Individual

PHILADELPHIA, PA, USA, March 20, 2024 -- DriveItAway Holdings, Inc. (“DriveItAway”), (OTC Marketplace: DWAY), an automotive industry leader in new mobility platforms with its unique ‘micro-lease to purchase technology,' continues to gain traction and visibility in its mission to enable all to drive, and then buy, affordable quality personal transportation, regardless of credit score or down payment.

Key Points: 
  • Kristy Gebhart, Regional Vice President of the Fastest Growing Industrial Staffing Company in the US, Partners Personnel, As Guest on The EVs For Everyone Podcast, presents that One of the Largest Obstacles to Successful Entry Level Employment is a Lack of Personal Transportation
    PHILADELPHIA, PA, USA, March 20, 2024 -- DriveItAway Holdings, Inc. (“ DriveItAway ”), (OTC Marketplace: DWAY), an automotive industry leader in new mobility platforms with its unique ‘micro-lease to purchase technology,' continues to gain traction and visibility in its mission to enable all to drive, and then buy, affordable quality personal transportation, regardless of credit score or down payment.
  • The DriveItAway micro-lease to ownership program was highlighted in the most recent episode of The EVs For Everyone Podcast hosted by automotive industry personality, Elena Ciccotelli, which featured Kristy Gebhart, Regional Vice President of Partners Personnel .
  • Ms. Gebhart outlined the major transportation issues affecting entry-level employment in the United States, and emerging sustainable solutions available now that can help solve them.
  • Continues Ciccotelli, “Kristy’s observation that almost every new warehouse going up is putting in EV chargers, indicates further enablement of EV usership in the future, in areas of the country now not centers for EV usage.”
    “All of us at Driveitaway are proud to be on this journey with Partners Personnel , to help put people to work and provide resources to build a better, more sustainable transportation future for all, not just those with good credit and ready cash,” says John F. Possumato, Founder & CEO of DriveItAway Holdings, Inc., “we salute Partners for being the first staffing company to truly understand and provide for employee transportation needs.” Continues Possumato, “Thank you Kristy Gebhart and Elena Ciccotelli and The EVs for Everyone Podcast for more eloquently outlining the problem and our quest to help solve it.”

LoRa Alliance® to Showcase Volume and Diversity of LoRaWAN® Solutions for Industrial IoT at Hannover Messe 2024

Retrieved on: 
Tuesday, March 19, 2024
Temperature, VIP, DLMS, Invention, FUOTA, LPWAN, Internet of things, NEON, LoRa, ISM, Safety, Workforce, Deutsche Messe, ROI, Communication, Hannover Messe, Industrial internet of things, ESG, Internet, Revolution, Vibration, Conference, Pressure, IA Financial Group, Industrial, Atmosphere, Ecosystem, Code point

At the show, the LoRa Alliance and member companies co-exhibiting on the stand will illustrate the role of connectivity in industrial digital transformation.

Key Points: 
  • At the show, the LoRa Alliance and member companies co-exhibiting on the stand will illustrate the role of connectivity in industrial digital transformation.
  • Onsite, LoRa Alliance members will show how LoRaWAN optimizes industrial operations, integrates with existing infrastructure and creates synergies with complementary technologies to maximize the value of IIoT solutions.
  • “The overall theme for this year’s Hannover Messe is ‘Energizing a Sustainable Industry,’ which embodies how LoRaWAN supports industrial IoT and Industry 5.0,” said Donna Moore, CEO and chairwoman of the LoRa Alliance.
  • Speakers will also showcase how data-driven insights lead to operational efficiencies and quantifiable ROI, using compelling case studies as examples.

Skkynet Reaches Record Sales Growth in First Quarter

Retrieved on: 
Monday, March 18, 2024
Cloud, Microsoft, ETK, Microsoft Azure, Industrial, VPN, Cogent

MISSISSAUGA, ON, March 18, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its quarter-end operating and financial results for the period ended January 31, 2023.  The Company reported a record first quarter revenue of $630,536 compared to $492,119 for the same period in 2023, a 28% year over year revenue growth. Comprehensive income from operations for the 3-month period was $23,951 compared to a loss of $144,627 for the same period in 2023 due to increased sales.

Key Points: 
  • The Company reported a record first quarter revenue of $630,536 compared to $492,119 for the same period in 2023, a 28% year over year revenue growth.
  • Comprehensive income from operations for the 3-month period was $23,951 compared to a loss of $144,627 for the same period in 2023 due to increased sales.
  • “Skkynet’s growing sales and expanding channels have maintained the Company’s upward growth trend.
  • We had a very successful quarter in elevating our marketing presence, attracting new partners, and maintaining our strong cash position,” stated Andrew Thomas, CEO.

At its Capital Markets Day, Iveco Group updated its guidance for 2024 and presented the financial targets for the duration of the Plan

Retrieved on: 
Friday, March 15, 2024
Indian stock exchange, EXM, ASTRA, Agriculture, EPS, CNH, Financial services, IDV, Sale, Public expenditure, FPT Industrial, Nature, Adjustment, Industrial, IVG, Investment, IVECO, Fire, Collection, CNH Industrial, Person

Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.

Key Points: 
  • Iveco Group monitors its operations through the use of several non-EU-IFRS financial measures.
  • Iveco Group’s management believes that these non-EU-IFRS financial measures provide useful and relevant information regarding its operating results and targets and enhance the readers’ ability to assess Iveco Group’s financial performance and financial position.
  • Iveco Group’s non-EU-IFRS financial measures are defined as follows:
    Adjusted EBIT: is defined as EBIT before restructuring costs and non-recurring items.
  • Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 29 R&D centres.

LTE & 5G NR-Based CBRS Networks and Private LTE & 5G Network Ecosystem Research Package 2024: Market Opportunities, Challenges, Strategies Verticals & Forecasts 2023-2030 - ResearchAndMarkets.com

Retrieved on: 
Friday, April 5, 2024
Technology, Networks, 5G, Verizon Communications, 3GPP, Radio access network, Mobile, Wind, Investment, BBC, Allocation, Automation, Communication, Private, LTE, Augment, NAS, Bundeswehr, Charter, Public security, Raketenjagdpanzer 1, Farm, GAA, CBRS, Comcast, Hospital, Citizens Broadband Radio Service, High-pass filter, Mobile virtual network operator, Microsoft Excel, Economics, FWA, Growth, Forecasting, MVNO, Wireless, Industrial, BMW, Hertz, Ecosystem, Power, Airport, PAL, Mobile phone

The "CBRS & Private LTE/5G Networks: 2023-2030: Opportunities, Challenges, Strategies & Forecasts - 2 Report Package" report from SNS Telecom & IT has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "CBRS & Private LTE/5G Networks: 2023-2030: Opportunities, Challenges, Strategies & Forecasts - 2 Report Package" report from SNS Telecom & IT has been added to ResearchAndMarkets.com's offering.
  • The report package also provides forecasts for network infrastructure and terminal equipment from 2023 to 2030.
  • The publisher estimates that annual investments in LTE and 5G NR-based CBRS RAN, mobile core, and transport network infrastructure reached $900 Million in 2023.
  • Report 1: The Private LTE & 5G Network Ecosystem: 2023 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts
    Report 2: The Public Safety LTE & 5G Market: 2023 - 2030 - Opportunities, Challenges, Strategies & Forecasts
    Chapter 7: Public Safety LTE/5G Spectrum Availability, Allocation & Usage

Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems

Retrieved on: 
Friday, April 5, 2024
Technology, Utilities, Manufacturing, Energy, Other Manufacturing, Hardware, Transfer, Electricity, Growth, Mitsubishi Group, Head, Mitsubishi Electric, Industrial, Investment, OT, Power, FA, Hitachi, Electric power

Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).

Key Points: 
  • Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).
  • After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric’s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.
  • The Business Transfer does not include the transformers manufactured at Mitsubishi Electric’s Transmission & Distribution Systems Center, Ako Factory.
  • Through this Business Transfer, Hitachi Industrial Equipment Systems will expand its product lineup of highly energy-efficient and eco-friendly transformers and accelerate the growth of grid edge solutions centered on power distribution systems, mainly in the domestic market.

BARK Strengthens Leadership Team With Appointment of Two Pet Industry Leaders

Retrieved on: 
Wednesday, April 3, 2024
Online Retail, Toys, Retail, Consumer, Specialty, Pets, Food, Beverage, Paragon, Growth, Consumables, Brigham Young University, Digital, Pratt Institute, Social media, University, CPG, Walmart, Industrial, Dog, CO

“We are thrilled to elevate our leadership team with the addition of two proven leaders who bring a wealth of experience across the pet, e-commerce, and retail sectors,” said Matt Meeker.

Key Points: 
  • “We are thrilled to elevate our leadership team with the addition of two proven leaders who bring a wealth of experience across the pet, e-commerce, and retail sectors,” said Matt Meeker.
  • “Michael Black, who served as the Chief Executive Officer of premium pet brand Outward Hound brings an impressive track record of delivering omnichannel growth across the pet sector.
  • He will oversee our growth in the play category and ensure our brand reaches as many dog households as possible.
  • “Over the years, BARK has built one of the most impressive brands in the pet space.