STC

Tecnotree Collaborates with People+AI to Drive Open Cloud Compute Infrastructure and AI Standardization

Retrieved on: 
Jeudi, mai 9, 2024

This extensive API portfolio enables Tecnotree to support over 250 out-of-the-box journeys across the order-to-cash and provisioning lifecycle for monetization.

Key Points: 
  • This extensive API portfolio enables Tecnotree to support over 250 out-of-the-box journeys across the order-to-cash and provisioning lifecycle for monetization.
  • The partnership aims to enhance India’s compute ecosystem by creating a network of providers offering accessible and customized compute resources.
  • The platform shares a collective vision of bringing ecosystems together across the world, for the future common standards and capabilities for AI, Cloud Infrastructure, Sustainability, Trusted AI, Cloud Compute, and SDNs.
  • We aim to drive forward AI and Cloud standardization globally, laying the groundwork for a more cohesive ecosystem.

Fairbanks Morse Defense Awarded Purchase Order for Common Rail Technology Retrofit Kit on San Antonio Class Ships

Retrieved on: 
Mardi, mai 7, 2024

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a purchase order by HII’s Ingalls Shipbuilding division to deliver an FM PC2.5 STC common rail technology retrofit kit, which will upgrade existing PC2.5 STC engines currently installed on U.S. Navy San Antonio-class amphibious transport dock ships.

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a purchase order by HII’s Ingalls Shipbuilding division to deliver an FM PC2.5 STC common rail technology retrofit kit, which will upgrade existing PC2.5 STC engines currently installed on U.S. Navy San Antonio-class amphibious transport dock ships.
  • FMD's common rail fuel injection technology maximizes performance through enhanced fuel efficiency and reduced carbon emissions.
  • The high-pressure rail electronic fuel injection system can provide 5.5% fuel savings through improved fuel atomization with more complete and efficient combustion.
  • The four engines being assembled for the future LPD-32 will also include common rail technology.

Gogo Announces First Quarter Results

Retrieved on: 
Mardi, mai 7, 2024

BROOMFIELD, Colo., May 7, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended March 31, 2024.

Key Points: 
  • Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year
    Q1 Net Income of $30.5 million; Adjusted EBITDA(1) of $43.3 million
    BROOMFIELD, Colo., May 7, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended March 31, 2024.
  • Net income in the first quarter of 2024 included $9.9 million of an after-tax unrealized gain from a $5 million investment in a convertible note.
  • "Strong first quarter results drove an increase in Gogo's 2024 Adjusted EBITDA guidance to the high end of the range and supported strong share repurchases," said Jessi Betjemann, Executive Vice President and CFO.
  • Capital expenditures of approximately $45 million including $30 million for strategic initiatives including Gogo 5G, Gogo Galileo and the LTE network build.

Mission Systems Integration Specialist D&J Aviation Joins SmartSky® Installation Network

Retrieved on: 
Mardi, avril 30, 2024

RESEARCH TRIANGLE, N.C., April 30, 2024 /PRNewswire/ -- SmartSky, provider of the most advanced inflight air-to-ground (ATG) connectivity for business aviation, today announced D&J Aviation as a new sales and installation partner. D&J recently completed a first-article installation of the award-winning SmartSky LITE™ on a King Air C90, with a Supplemental Type Certificate (STC) expected in the coming months. They are now commencing a SmartSky LITE first-of-type installation on a Citation Encore 560.

Key Points: 
  • They are now commencing a SmartSky LITE first-of-type installation on a Citation Encore 560.
  • D & J recently completed a first-article installation of the award-winning SmartSky LITE™ on a King Air C90.
  • Headquartered in Colorado Springs, D&J is a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) Maintenance, Repair and Overhaul (MRO) with over 40 years of aviation integration and installation experience for both commercial and government aviation customers.
  • Their capabilities include a Part 145 FAA certified repair station, engineering and design, mission systems integration, PMA contract manufacturing, as well as expertise in small unmanned aircraft systems.

AFCEA Announces Winners of New Intelligence Community Award

Retrieved on: 
Vendredi, avril 12, 2024

Sponsored by AFCEA International 's Intelligence Committee , the award was created specifically to address the need for—and recognize the value of—innovation in intelligence.

Key Points: 
  • Sponsored by AFCEA International 's Intelligence Committee , the award was created specifically to address the need for—and recognize the value of—innovation in intelligence.
  • Winners were recognized at the annual AFCEA International Spring Intelligence Symposium last month.
  • He briefed the results to Congress, senior leaders in the intelligence community and senior military leaders, including the Chief of Staff of the Air Force.
  • “This unique award shines a light on the ever-impressive achievements of our S&TI workforce and how they tirelessly work to maintain a competitive advantage,” said Lewis Shepherd, the AFCEA Intelligence committee chair.

Sangoma Announces Date of Third Quarter Fiscal 2024 Financial Results and Conference Call

Retrieved on: 
Mardi, avril 30, 2024

Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its third quarter fiscal 2024 results after markets close on Wednesday May 8, 2024.

Key Points: 
  • Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its third quarter fiscal 2024 results after markets close on Wednesday May 8, 2024.
  • In addition, the Company will host a conference call on Wednesday May 8, 2024 at 5:30 PM Eastern Time to discuss the results.
  • The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340).
  • Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call.

IDEX Reports First Quarter Results and Confirms Full Year Guidance

Retrieved on: 
Mardi, avril 23, 2024

(a) Three month data includes the results of the acquisitions of Iridian Spectral Technologies (May 2023) and STC Material Solutions (December 2023) in the HST segment.

Key Points: 
  • (a) Three month data includes the results of the acquisitions of Iridian Spectral Technologies (May 2023) and STC Material Solutions (December 2023) in the HST segment.
  • Three month data also includes the results of Micropump, Inc. (August 2023) and Novotema, SpA (December 2023) in the HST segment through the dates of disposition.
  • Organic net sales for the first quarter 2024 were positively impacted by price capture across all markets.
  • Organic Adjusted EBITDA margin for the first quarter 2024 increased primarily due to strong price/cost and lower discretionary spending, partially offset by higher employee-related costs.

AeroMech Announces RVSM Certification Program for Piper M700 Fury

Retrieved on: 
Vendredi, avril 19, 2024

AeroMech Incorporated ( www.aeromechinc.com ), the worldwide leader in RVSM certification, announced today that it is developing an RVSM Supplemental Type Certificate (STC), applicable to the Piper M700 Fury aircraft.

Key Points: 
  • AeroMech Incorporated ( www.aeromechinc.com ), the worldwide leader in RVSM certification, announced today that it is developing an RVSM Supplemental Type Certificate (STC), applicable to the Piper M700 Fury aircraft.
  • RVSM has been offered for the Piper Meridian, M500, and M600 aircraft since 2021, and it has been well received with PA-46 operators worldwide.
  • The AeroMech FAA STC ODA will issue the M700 RVSM STC in Q3 2024.
  • Piper Aircraft will offer the RVSM STC as a factory option for new production M700 aircraft.

Stewart Information Services Corporation Announces First Quarter 2024 Earnings Conference Call

Retrieved on: 
Lundi, avril 15, 2024

Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss first quarter 2024 earnings at 8:30 a.m. Eastern Time on Thursday, April 25, 2024.

Key Points: 
  • Stewart Information Services Corporation (NYSE: STC) announced today it will hold a conference call to discuss first quarter 2024 earnings at 8:30 a.m. Eastern Time on Thursday, April 25, 2024.
  • The call will follow the company’s release of earnings after the close of trading on Wednesday, April 24.
  • The conference call replay will be available from 11 a.m. Eastern Time on April 25, 2024 until midnight on May 2, 2024 by dialing (888) 276-5316 (USA) or (402) 220-2333 (International).
  • Additionally, participants can listen to the conference call through STC’s Investor Relations website at https://investors.stewart.com/news-and-events/events/default.aspx .

Merlin Completes Design and Build of Certification System Bench to Accelerate Company’s Path to Supplemental Type Certification

Retrieved on: 
Mercredi, avril 10, 2024

Unlike traditional in-flight testing, the Certification System Bench can be utilized irrespective of weather, maintenance schedules, and pilot availability.

Key Points: 
  • Unlike traditional in-flight testing, the Certification System Bench can be utilized irrespective of weather, maintenance schedules, and pilot availability.
  • View the full release here: https://www.businesswire.com/news/home/20240410040645/en/
    Merlin Completes Design and Build of Certification System Bench to Accelerate Company’s Path to Supplemental Type Certification (Photo: Business Wire)
    “In many ways, the Certification System Bench acts as a testing ‘funnel.’ It allows us to test hundreds of cases with speed and ease, selecting edge cases to take to in-flight testing.
  • Equipped with the same software and hardware components, the Certification System Bench supports Merlin’s methodical developmental approach by enabling greater precision and speed, and ultimately expedites Merlin’s path towards its supplemental type certification (STC) as ground tests on the Certification System Bench are accredited by regulatory authorities.
  • It took the team six months to design, vet solutions for, and build the Certification System Bench to extremely stringent specifications,” said Matt George, CEO and founder, Merlin.