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KULR Technology Group Reports Record Annual Revenue for 2023

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Vendredi, avril 12, 2024

CubeSat, Transport, Safety, Depreciation, CAE Inc., Research, KULR, Administration, Pratt & Whitney, TRS, South, Electronics, Lockheed Martin, Special, Spacecraft, Recycling, SAN, Cryptocurrency

SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.

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SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.
The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022.
Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023.

NAV Canada threatens workers with use of scabs

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Jeudi, avril 18, 2024

Fear, NAV, CAE Inc., House, NOTAM, Federation, Exercise, CAE, Canada Labour Code, Nav Canada, CIRB, Air traffic control, Commons, Private sector, Social justice, Nursing

To add further insult, NAV Canada is seeking significant concessions from CANSA.

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To add further insult, NAV Canada is seeking significant concessions from CANSA.
In February, CANSA and NAV Canada jointly advised the Canadian Industrial Relations Board (CIRB) of their efforts to negotiate a Maintenance of Activities agreement.
Unifor has advised the CIRB that given the bully tactics employed by NAV Canada the union does not see how the parties can come to terms.
Unifor is Canada's largest union in the private sector, representing 315,000 workers in every major area of the economy.

Investing in the Electric Aircraft Revolution

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Mercredi, avril 3, 2024

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

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According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
Some smaller electric aircraft are already taking to the skies for test flights ."

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

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Mardi, avril 2, 2024

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

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It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

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Mardi, avril 2, 2024

EASA, Pratt & Whitney, SAN, CAE Inc., Safety, TRS, KULR, USD, Spacecraft

H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.

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H55 will employ KULR's unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc.
Embedding KULR's TRS into H55's Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols.
H55 harnesses KULR's innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density.
The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader.

CAE announces changes to its Defense & Security business leadership team

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Jeudi, avril 4, 2024

Organization, CFO, Lead, CAE Inc., TSX, CAE, Security, BAE Systems Inc., RTX, Defense, Lockheed Martin, Government, Management

MONTREAL, April 4, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. today announced changes to its Defense & Security business unit's leadership team.

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MONTREAL, April 4, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. today announced changes to its Defense & Security business unit's leadership team.
Mr. Goodfriend, based in Chantilly, Virginia, joined CAE in January 2023 as Chief Operating Officer (COO) for CAE's Defense & Security business unit.
CAE created the COO position at the Defense & Security business unit level as part of a series of organizational and structural changes intended to improve execution and performance.
CAE also announced the recent appointment of Srini Dixit as Chief Financial Officer (CFO), Defense & Security.

Aviation Crew Management System Market to Reach $5.61 Billion, Globally, by 2032 at 8.16% CAGR: Allied Market Research

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Jeudi, février 22, 2024

WILMINGTON, Del., Feb. 22, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Aviation Crew Management System Market by Component (Solution and Services) Application (Planning, Training, Tracking, and Others), End-User (Commercial Aviation, Military and Defense, and Cargo Airlines), and Deployment Mode (Cloud Based and On-premises): Global Opportunity Analysis and Industry Forecast, 2022–2032". According to the report, the global aviation crew management system market size was valued at $2.61 billion in 2022 and is projected to reach $5.61 billion by 2032, registering a CAGR of 8.16% from 2023 to 2032.

Key Points:

Aviation crew management systems have been increasingly incorporating artificial intelligence (AI) and machine learning algorithms to optimize crew scheduling, improve operational efficiency, and enhance decision-making processes.
The global aviation crew management system market is marked by fierce competition among prominent players like CAE Inc., IBS Software Services, Jeppesen (Boeing Company), Lufthansa Systems, AIMS International Ltd, and NAVBLUE Company.
The market is witnessing a surge in automation, including AI adoption and cloud-based technology, alongside the development of mobile applications, propelling the aviation crew management system market.
The commercial aviation crew management system market is primarily driven by the increasing need for airlines to optimize crew utilization, ensure regulatory compliance, and enhance operational efficiency.

Aviation Crew Management System Market to Reach $5.61 Billion, Globally, by 2032 at 8.16% CAGR: Allied Market Research

Retrieved on:

Jeudi, février 22, 2024

WILMINGTON, Del., Feb. 22, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Aviation Crew Management System Market by Component (Solution and Services) Application (Planning, Training, Tracking, and Others), End-User (Commercial Aviation, Military and Defense, and Cargo Airlines), and Deployment Mode (Cloud Based and On-premises): Global Opportunity Analysis and Industry Forecast, 2022–2032". According to the report, the global aviation crew management system market size was valued at $2.61 billion in 2022 and is projected to reach $5.61 billion by 2032, registering a CAGR of 8.16% from 2023 to 2032.

Key Points:

Aviation crew management systems have been increasingly incorporating artificial intelligence (AI) and machine learning algorithms to optimize crew scheduling, improve operational efficiency, and enhance decision-making processes.
The global aviation crew management system market is marked by fierce competition among prominent players like CAE Inc., IBS Software Services, Jeppesen (Boeing Company), Lufthansa Systems, AIMS International Ltd, and NAVBLUE Company.
The market is witnessing a surge in automation, including AI adoption and cloud-based technology, alongside the development of mobile applications, propelling the aviation crew management system market.
The commercial aviation crew management system market is primarily driven by the increasing need for airlines to optimize crew utilization, ensure regulatory compliance, and enhance operational efficiency.

CAE closes the sale of its Healthcare business to Madison Industries

Retrieved on:

Vendredi, février 16, 2024

TSX, CAE, Health care, Sale, CAE Inc., Pharmaceutical industry

MONTREAL, Feb. 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments.

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MONTREAL, Feb. 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments.
This follows CAE's announcement on October 24, 2023, of the execution of a definitive agreement in respect of the transaction.
With the successful divestiture of the Company's Healthcare business, CAE will further streamline its operating model and portfolio, optimize its cost structure and create efficiencies.
To that effect, CAE also announces that it expects to incur restructuring expenses totaling approximately $40 million over the next two fiscal quarters.

Yamaha Debuts Pacifica® Professional and Standard Plus Guitars

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Mercredi, janvier 24, 2024

Partnership, CAE Inc., Contemporary history, Cassette tape

BUENA PARK, Calif., Jan. 24, 2024 /PRNewswire-PRWeb/ -- Yamaha, a pioneering company with over 130 years of hands-on experience crafting modern instruments and equipment, announced today the expansion of its highly successful Pacifica line of electric guitars with the introduction of four new instruments: Pacifica Professional PACP12 (rosewood fingerboard), PACP12M (maple fingerboard), Pacifica Standard Plus PACS+12 (rosewood fingerboard), and PACS+12M (maple fingerboard).

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"Guitarists of all types have embraced Pacifica guitars for more than three decades, and our new Pacifica Professional and Standard Plus models expand upon that legacy."
Pacifica Professional and Standard Plus guitars feature Reflectone™ pickups, developed in partnership with Rupert Neve Designs, a 5-position selector, and coil-split capabilities that offer extraordinary tonal versatility.
"And our new Pacifica Professional and Standard Plus models expand upon that legacy by providing significant upgrades and modern features, including our unique Reflectone pickups.
Yamaha Pacifica Professional and Standard Plus guitars were designed to serve the needs of contemporary guitarists performing all styles of music—from serious enthusiasts to touring and recording professionals with the most demanding standards.