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UpGuard Releases New AI-enabled Solutions and Appoints Chief Officers to Spearhead Company's Growth Strategy

Retrieved on:

Monday, March 11, 2024

Organization, Friction, Risk management, Growth, World Economic Forum, Risk, ISO 31000, Ariston, Supplier risk management, AI, Senior, Investment, Political lists, G2, Management

MOUNTAIN VIEW, Calif., March 11, 2024 /PRNewswire-PRWeb/ -- UpGuard, the globally renowned provider of Third-Party and Supplier Risk Management software, as ranked #1 by G2, today unveiled the release of two innovative AI-powered solutions: Managed Vendor Assessments and Trust Exchange. With 41% of data breaches originating from third-party relationships (World Economic Forum), these new capabilities help organizations safeguard themselves from potential vendor threats and expand upon UpGuard's category-leading Vendor Risk product that monitors over 10 million companies daily.

Key Points:

"2024 will mark a transformative investment year for UpGuard," affirmed Mike Baukes, CEO of UpGuard.
"We're proud to introduce these two innovative solutions and excited to welcome three executives whose expertise will be instrumental as we drive forward into our next chapter of growth."
These new solutions mark the inauguration of a series of investments UpGuard is taking for a new phase of growth and expansion.
To support this new phase of growth, UpGuard is pleased to announce the appointment of three distinguished leaders to its executive team.

Al Hassan Ghazi Ibrahim Shaker Co. delivers exceptional FY23 performance, achieving a 99.28% YoY increase in net profit to reach SAR 65.43 million

Retrieved on:

Wednesday, February 28, 2024

Acquisition, HVAC, Ariston, BNPL, SAP, Growth, Made, COGS, Yoy, Electronics, EPS, Conditional sentence, LG, Home appliance, Retail

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.

Key Points:

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.
Q4-FY23 revenue of SAR 259.56 million (Q4-FY22: SAR 209.49 million) and net profit of SAR 3.80 million (Q4-FY22: net loss of SAR 2.36 million)
In FY23, Shaker generated the highest revenue since FY16 and highest net profit since FY15, signifying a year of significant growth and strategic execution.
The commitment to achieving growth while strengthening its financial health was demonstrated with continued deleveraging as net debt reduced by 20.95%.
Further improvements in inventory management and working capital led to strong cash generation from operations of SAR 20.82 million.

Al Hassan Ghazi Ibrahim Shaker Co. delivers exceptional FY23 performance, achieving a 99.28% YoY increase in net profit to reach SAR 65.43 million

Retrieved on:

Wednesday, February 28, 2024

Acquisition, HVAC, Ariston, BNPL, SAP, Growth, Made, COGS, Yoy, Electronics, EPS, Conditional sentence, LG, Home appliance, Retail

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.

Key Points:

Net profit of SAR 65.43 million in FY23, up 99.28% YoY and highest since FY15, driven by higher revenue and operating profit, along with a 51.86% increase in share of profit from LG-Shaker HVAC factory and lower zakat and tax.
Q4-FY23 revenue of SAR 259.56 million (Q4-FY22: SAR 209.49 million) and net profit of SAR 3.80 million (Q4-FY22: net loss of SAR 2.36 million)
In FY23, Shaker generated the highest revenue since FY16 and highest net profit since FY15, signifying a year of significant growth and strategic execution.
The commitment to achieving growth while strengthening its financial health was demonstrated with continued deleveraging as net debt reduced by 20.95%.
Further improvements in inventory management and working capital led to strong cash generation from operations of SAR 20.82 million.

Shaker and LG Expand Long-Term Partnership With New Supply Agreement For Home Appliance and Home Entertainment Products

Retrieved on:

Tuesday, December 20, 2022

EnergySolutions, Ariston, Atmosphere, Partnership, Home appliance, Maytag, ESCO, LG Electronics, Carbon, United Nations Industrial Development Organization, Air conditioning, LG, Conditional sentence, Renewable energy, Weapon, Midea, Indesit Company, Kingdom

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.

Key Points:

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.
The agreement is also a major step in expanding Shaker's portfolio mix to ensure that we cater to the growing demand for high-quality home appliances and home entertainment products in Saudi Arabia.
Shaker has had a unique joint venture with LG for more than 20 years as the sole distributor of LG air conditioners in Saudi Arabia.
Shaker was founded in 1950 and was amongst the first in Saudi Arabia to introduce Air Conditioning & Home Appliances for Saudi consumers.

Shaker and LG Expand Long-Term Partnership With New Supply Agreement For Home Appliance and Home Entertainment Products

Retrieved on:

Tuesday, December 20, 2022

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.

Key Points:

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.
The agreement is also a major step in expanding Shaker's portfolio mix to ensure that we cater to the growing demand for high-quality home appliances and home entertainment products in Saudi Arabia.
Shaker has had a unique joint venture with LG for more than 20 years as the sole distributor of LG air conditioners in Saudi Arabia.
Shaker was founded in 1950 and was amongst the first in Saudi Arabia to introduce Air Conditioning & Home Appliances for Saudi consumers.

DGAP-News: CENTROTEC Climate Systems to join Ariston Group

Retrieved on:

Thursday, September 15, 2022

CENTROTEC group companies Wolf, Brink, Pro-Klima and Ned Air will benefit from Aristons scale, technologies, market access and global footprint

Key Points:

CENTROTEC group companies Wolf, Brink, Pro-Klima and Ned Air will benefit from Aristons scale, technologies, market access and global footprint
Brilon CENTROTEC SE (CENTROTEC) is proud and excited to announce that as of today we have paved the way for an even more successful and sustainable future for our group companies.
CENTROTEC has signed a binding agreement with Ariston Holding N.V. (Ariston):
CENTROTEC Climate Systems (CCS) with its successful brands Wolf, Brink, Pro-Klima and Ned Air will become part of the Ariston Group.
CENTROTEC will become a significant shareholder of Ariston and, after the closing, will nominate Guido A. Krass founder, Chairman of the Supervisory Board and main shareholder of CENTROTEC to become a member of Aristons Board of Directors.
The air-handling-units of Wolf, Pro-Klima and Ned Air will complement the Ariston Groups offering of climate solutions to commercial clients.

THAYER SCALE APPOINTS NEW VICE PRESIDENT OF MANUFACTURING

Retrieved on:

Thursday, June 2, 2022

PEMBROKE, Mass., June 2, 2022 /PRNewswire/ -- Thayer Scale, a leading global manufacturer of equipment for the continuous weighing and feeding of bulk materials, announced that Bruce Horn is joining the company as the new Vice President of Manufacturing. He is responsible for the company's Continuous Improvement initiatives, including procurement, material planning, scheduling, and work cell design and optimization. He will oversee all Safety and OSHA-related initiatives and manage the company's outsourcing strategy and relationships with key suppliers. He will supervise all activities related to welding, fabrication, paint / powder coat, assembly, wiring / test, and shipping at the headquarters facility in Pembroke, Mass.

Key Points:

Horn is joining Thayer Scale from Ariston USA Inc., where he was most recently the Director of Manufacturing.
He had responsibility for overall production, safety, manufacturing engineering, quality, maintenance, facilities, training and Lean Management at the manufacturing company.
We are very excited to have Bruce join our team and help take Thayer Scale to the next level in terms of productivity, quality, and time-to-market," said David Hyer, President Thayer Scale.
Thayer Scale, headquartered in Pembroke, Mass., is a leading global manufacturer of equipment for the continuous weighing industry.

GCC Solar Water Heater Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

Retrieved on:

Tuesday, December 21, 2021

Alternative Energy, Energy, Solar energy, Water, Sunlight, GCC, Carbon, Industry, Electricity, COVID-19, Ariston, Government, Renewable energy, Heating, ventilation, and air conditioning

Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels.

Key Points:

Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels.
The market for solar water heater in the GCC region is being driven by a number of favourable factors.
Solar water heater offers several long-term advantages over conventional water heater.
The report has segmented the GCC solar water heater market on the basis of type covering flat plate collector, evacuated tube collector and unglazed water collector.