Business Wire: latest releases

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ADVA manages supply constraints and grows revenues and profitability in Q3 2021

Thursday, October 21, 2021 - 6:00am

Revenues in Q3 2021 reached EUR 151.8 million, up by 1.6% from EUR 149.4 million in Q2 2021, also up by 3.5% compared to EUR 146.7 million in Q3 2020.

Key Points: 
  • Revenues in Q3 2021 reached EUR 151.8 million, up by 1.6% from EUR 149.4 million in Q2 2021, also up by 3.5% compared to EUR 146.7 million in Q3 2020.
  • Pro forma gross profit in Q3 2021 decreased by 8.9%, reaching EUR 52.2 million (34.4% of revenues) compared to EUR 57.3 million (38.3% of revenues) in Q2 2021 and increased by 0.4% compared to EUR 51.9 million (35.4% of revenues) reported in Q3 2020.
  • Pro forma operating income for Q3 2021 was EUR 13.0 million (8.6% of revenues) and decreased by 9.7% compared to EUR 14.4 million (9.7% of revenues) reported in Q2 2021.
  • Operating income for Q3 2021 of EUR 9.5 million decreased substantially by 27.2% from EUR 13.0 million reported for Q2 2021 and slightly decreased by 2.8% from EUR 9.8 million in Q3 2020.

Boyd Corporation Acquires Siltec, Continues to Expand Global Material Science Portfolio

Thursday, October 21, 2021 - 7:00am

The acquisition deepens and diversifies Boyds material science portfolio and further expands its European footprint.

Key Points: 
  • The acquisition deepens and diversifies Boyds material science portfolio and further expands its European footprint.
  • Siltecs dedicated team of scientists and technologists enhance Boyd competencies in silicone material science and the medical industry.
  • Boyd continues to invest in value-driven innovation and technology to create marketable differentiation for its customers.
  • Boyd Corporation is a world-leading innovator of technologies in material science, engineered materials, and thermal management that seal, protect, interface with, and cool our customers most critical applications.

ABB: Q3 2021 Results

Thursday, October 21, 2021 - 5:53am

This improvement however benefited from the adverse temporary items in last years results, good development in most business areas and unusually low corporate costs in the current quarter.

Key Points: 
  • This improvement however benefited from the adverse temporary items in last years results, good development in most business areas and unusually low corporate costs in the current quarter.
  • In the fourth quarter of 2021, ABB anticipates a continued tight supply chain to impact customer deliveries.
  • ABB anticipates comparable revenue growth of 6%-8% (update from just below 10%) for full-year 2021, hampered by supply constraints towards the end of the year.
  • 1 For a reconciliation of non-GAAP measures, see supplemental reconciliations and definitions in the attached Q3 2021 Financial Information.

Tigo Energy to Showcase Solutions for Roof Space Usage, Monitoring, and Safety at Key Energy

Thursday, October 21, 2021 - 6:00am

Tigo representatives will showcase all of its TS4 Flex MLPE devices, including the recently released TS4-A-O, compatible with all PV modules up to 700Wp, and the Tigo Energy Intelligence (EI) software platform.

Key Points: 
  • Tigo representatives will showcase all of its TS4 Flex MLPE devices, including the recently released TS4-A-O, compatible with all PV modules up to 700Wp, and the Tigo Energy Intelligence (EI) software platform.
  • To understand how Tigo optimizers contribute to system performance, Key Energy attendees can visit the Tigo booth (B7.076) on Wednesday, October 27, and Thursday, October 28.
  • To learn more about Tigo Flex MLPE solutions and the Tigo Energy Intelligence monitoring platform, please visit Tigo Energy at Key Energy (Quartiere Fieristico di Rimini, Italy, Pavilion B7, Booth 076) from Tuesday, October 26, through Friday, October 29, 2021.
  • Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems.

VarmX Awarded Funding From the EIC Accelerator to Support Scale up and Manufacturing of VMX-C001

Thursday, October 21, 2021 - 6:00am

The EIC Accelerator aims to support start-ups and Small and Medium Enterprises (SMEs) in development and scale up of game-changing innovations.

Key Points: 
  • The EIC Accelerator aims to support start-ups and Small and Medium Enterprises (SMEs) in development and scale up of game-changing innovations.
  • VarmX was among 65 start-ups and SMEs selected, located across 16 countries, which will together receive 363 million of funding for breakthrough innovations.
  • Based on project assessment criteria of excellence, scale-up potential, and level of risk, a panel of expert independent evaluators and EIC jury members recommended that VarmX should be awarded the maximum allowed funding, subject to negotiation.
  • As part of the EIC community, VarmX will also receive further benefits, including coaching, mentoring, and access to investors and corporates.

Family Business Pioneers and Thought Leaders Launch Generation6, an Unparalleled Family Business Consulting Firm

Thursday, October 21, 2021 - 5:00am

Alongside a group of family business experts from around the globe, Generation6 offers the finest in family business consulting, coaching, board formation and development, family governance, and specialized education and shareholder development services.

Key Points: 
  • Alongside a group of family business experts from around the globe, Generation6 offers the finest in family business consulting, coaching, board formation and development, family governance, and specialized education and shareholder development services.
  • We founded this firm to serve business families and all who rely upon them, said Joe Astrachan.
  • The firm name embodies its mission: To assist families in business to make it to the sixth generation and beyond.
  • They typically dedicate significant resources time, emotion, money to equipping family members with the competences necessary to make good decisions for family and business.

Fortanix Simplifies Compliance with Reserve Bank of India (RBI) Guidelines for Tokenisation of User Card Data

Thursday, October 21, 2021 - 4:23am

Fortanix Inc. , the data-first multicloud security company, today announced that businesses operating in India that store payment information and user card data can now quickly comply with the latest Reserve Bank of India (RBI) guidelines using Fortanix Data Security Manager (DSM) to tokenise and secure card data.

Key Points: 
  • Fortanix Inc. , the data-first multicloud security company, today announced that businesses operating in India that store payment information and user card data can now quickly comply with the latest Reserve Bank of India (RBI) guidelines using Fortanix Data Security Manager (DSM) to tokenise and secure card data.
  • The Reserve Bank of India updated its tokenisation guidelines on 7 October 2021 effectively prohibiting merchants from storing actual card data beyond 31 December 2021.
  • The RBI guidelines mandate new, stronger security requirements for card data, calling out tokenisation as a recommended security strategy.
  • Fortanix DSM makes it simpler and easier for anyone who stores payment information and card data to keep that data secure as they protect their customers.

The Vita Coco Company Announces Pricing of Initial Public Offering

Thursday, October 21, 2021 - 4:15am

The Vita Coco Company, Inc. (NASDAQ:COCO), a leading platform of high-growth better-for-you brands formerly known as All Market Inc., today announced the pricing of its initial public offering of 11,500,000 shares of common stock, of which 2,500,000 are being offered by The Vita Coco Company and 9,000,000 are being offered by certain selling stockholders at a price to the public of $15.00 per share.

Key Points: 
  • The Vita Coco Company, Inc. (NASDAQ:COCO), a leading platform of high-growth better-for-you brands formerly known as All Market Inc., today announced the pricing of its initial public offering of 11,500,000 shares of common stock, of which 2,500,000 are being offered by The Vita Coco Company and 9,000,000 are being offered by certain selling stockholders at a price to the public of $15.00 per share.
  • The initial public offering is expected to close on October 25, 2021, subject to the satisfaction of customary closing conditions.
  • The Vita Coco Company was co-founded in 2004 by co-CEO Michael Kirban and Ira Liran.
  • Pioneers in the functional beverage category, The Vita Coco Companys brands include the leading coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT.

Apple Bağdat Caddesi opens Friday, October 22, in Istanbul

Thursday, October 21, 2021 - 5:00am

Located in the heart of Istanbul, Apple Badat Caddesi will serve as Apples third retail location in Turkey.

Key Points: 
  • Located in the heart of Istanbul, Apple Badat Caddesi will serve as Apples third retail location in Turkey.
  • To celebrate the opening, Apple will debut Perspektif Istanbul , a six-week Today at Apple program that pays homage to the city and its creatives.
  • Apple Badat Caddesi brings forward familiar design elements from Apple Store locations around the world and Apple Park in Cupertino, California, while integrating locally sourced Aksaray Yaylak granite and Turkish travertine.
  • Apple, the Apple logo, Today at Apple, iPad Pro, iPhone 13 Pro, and Apple Store are trademarks of Apple.

Mitsubishi Electric to Ship Samples of Wider-temperature-range CWDM 100Gbps (53Gbaud PAM4) EML Chip for Data Centers

Thursday, October 21, 2021 - 3:10am

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its 100Gbps (53Gbaud) four-level pulse-amplitude modulation (PAM4) electro-absorption modulator (EML) laser diode chip for coarse wavelength division multiplexing (CWDM) on November 1.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its 100Gbps (53Gbaud) four-level pulse-amplitude modulation (PAM4) electro-absorption modulator (EML) laser diode chip for coarse wavelength division multiplexing (CWDM) on November 1.
  • The semiconductor diode is expected to be applied in sets of four EML chips as a light source in optical transceivers for 400Gbps optical fiber communication in data centers.
  • 1) combines a buried heterostructure laser diode for high optical-output-power and a high-mesa waveguide electro absorption modulator (EAM) for a high extinction ratio and wide frequency range.
  • 53Gbaud PAM4 operation is available in temperatures ranging from 5 to 85C (Fig.