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Australia’s adoption of electric vehicles has been maddeningly slow, but we’re well placed to catch up fast

Retrieved on: 
Friday, April 21, 2023

Roll forward 122 years and there’s now a registered motor vehicle for every one of the 20 million people of driving age in Australia.

Key Points: 
  • Roll forward 122 years and there’s now a registered motor vehicle for every one of the 20 million people of driving age in Australia.
  • The slow pace at which Australia has adopted electric vehicles is maddening to many.
  • But the transition to electric vehicles is changing gear in Australia, driven by both consumers and government.
  • All the states and territories and many local governments had for some time taken steps to boost the uptake of electric vehicles.

A country wedded to the car

    • You can see why cars are so popular in a country like Australia.
    • We’re the sixth-largest country in the world, but the 55th-most-populous.
    • With only around three people per square kilometre, we regularly travel large distances through sparsely populated areas.
    • Australia also had a burgeoning automotive industry, which spawned fierce loyalties among fans of domestic brands.

We have the resources to go electric

    • Adding to the frustration of EV advocates is Australia’s wealth of resources that can enhance the benefits electric vehicles offer.
    • Australia has some of the best wind energy resources in the world with an estimated 5 terawatts of potential.

And there’s expertise to accelerate the transition


    While the new national strategy makes all the right noises, the main critique emerging is that it lacks real teeth. In particular, the specifics of a badly needed fuel-efficiency standard are still being developed. However, there is still plenty in the strategy to offer promise. It identifies the need for:
    • Australia’s world-class energy researchers have been exploring issues relating to a mostly renewables-powered electricity grid for decades.
    • In recent years, they have been investigating how electric vehicles could become an important asset for the electricity grid as “batteries on wheels”.
    • The renewable energy agency, ARENA, has spent over $2 billion to increase the renewable energy supply in Australia.
    • It has received $69 million in government funding and $280 million in cash and in-kind support from partners to accelerate the transition to reliable, affordable, clean energy.

Tarena to Report Third Quarter 2022 Financial Results on November 29, 2022

Retrieved on: 
Thursday, November 17, 2022

BEIJING, Nov. 17, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU)("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, after the U.S. market closes on November 29, 2022.

Key Points: 
  • BEIJING, Nov. 17, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU)("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, after the U.S. market closes on November 29, 2022.
  • Tarena's management will host an earnings conference call and live webcast at 8:00 a.m. on November 30, 2022, U.S. Eastern Time (9:00 p.m. on November 30, 2022, Beijing Time).
  • Participants can join the conference using the below options:
    Dialing-in to the conference call:
    Please register in advance of the conference, using the link provided below.
  • It will automatically direct you to the registration page of "Tarena's Third Quarter 2022 Earnings Conference Call " where you may fill in your details for RSVP.

NetEase Announces Non-Renewal of Licenses with Blizzard

Retrieved on: 
Thursday, November 17, 2022

We will make sure our players' data and assets are well protected in all of our games," said William Ding, CEO of NetEase.

Key Points: 
  • We will make sure our players' data and assets are well protected in all of our games," said William Ding, CEO of NetEase.
  • As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX:9999, "NetEase") provides premium online services centered around content creation.
  • By infusing play with culture and education with technology, NetEase transforms gaming into a meaningful vehicle to build a more entertaining and enlightened world.
  • NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.

OpenText Announces Pricing of Notes Offering and Successful Term Loan Syndication as part of Micro Focus Acquisition Financing

Retrieved on: 
Wednesday, November 16, 2022

The Notes Offering is expected to close, and the Term Loan credit agreement is expected to be amended, on December 1, 2022, subject in each case to customary conditions.

Key Points: 
  • The Notes Offering is expected to close, and the Term Loan credit agreement is expected to be amended, on December 1, 2022, subject in each case to customary conditions.
  • The net proceeds from the Notes Offering, borrowings under the Term Loan and the Company's existing revolving credit facility, and cash on hand will be used to fund the Acquisition.
  • As previously announced, shareholders of Micro Focus have approved the terms of the Acquisition.
  • The Acquisition is expected to close in the first calendar quarter of 2023, subject to regulatory approvals and customary closing conditions.

Kulicke & Soffa Reports Fourth Quarter 2022 Results

Retrieved on: 
Wednesday, November 16, 2022

Through organic development, prudent acquisitions and close industry partnerships, Kulicke & Soffa's served available market has grown to approximately $4.7 billion in fiscal 2022, up 51 percent from fiscal 2018.

Key Points: 
  • Through organic development, prudent acquisitions and close industry partnerships, Kulicke & Soffa's served available market has grown to approximately $4.7 billion in fiscal 2022, up 51 percent from fiscal 2018.
  • Repurchased approximately 5.6 million shares of common stock through open market and accelerated programs at a cost of $282.8 million.
  • A conference call to discuss these results will be held tomorrow,November 17, 2022, beginning at8:00am EST.
  • Management uses both U.S. GAAP metrics as well as non-GAAP metrics to evaluate the Company's operating and financial results.

Kulicke & Soffa Raises Quarterly Dividend

Retrieved on: 
Wednesday, November 16, 2022

SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.19 per share of common stock, representing a $0.02 increase over its most recent dividend. This dividend raise marks the third annual sequential dividend increase and highlights the Company's consistent shareholder return strategy. This upcoming dividend payment will be made on January 9, 2023 to holders of record as of December 22, 2022.

Key Points: 
  • Quarterly Dividend Increased by $0.02, to $0.19
    SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.19 per share of common stock, representing a $0.02 increase over its most recent dividend.
  • This dividend raise marks the third annual sequential dividend increase and highlights the Company's consistent shareholder return strategy.
  • This upcoming dividend payment will be made on January 9, 2023 to holders of record as of December 22, 2022.
  • Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets.

Kodiak Sciences to Present at the Evercore ISI 5th Annual HealthCONx Conference

Retrieved on: 
Wednesday, November 16, 2022

PALO ALTO, Calif., Nov. 16, 2022 /PRNewswire/ --Kodiak Sciences Inc. (NASDAQ: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, announced today that management will present virtually at the Evercore ISI 5th Annual HealthCONx Conference on Tuesday, November 29, 2022, at 9:10am Pacific Time (12:10pm Eastern Time).

Key Points: 
  • PALO ALTO, Calif., Nov. 16, 2022 /PRNewswire/ --Kodiak Sciences Inc. (NASDAQ: KOD), a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases, announced today that management will present virtually at the Evercore ISI 5th Annual HealthCONx Conference on Tuesday, November 29, 2022, at 9:10am Pacific Time (12:10pm Eastern Time).
  • Kodiak (Nasdaq: KOD) is a biopharmaceutical company committed to researching, developing and commercializing transformative therapeutics to treat high prevalence retinal diseases.
  • Kodiak has leveraged its ABC Platform to build a pipeline of product candidates in various stages of development.
  • Kodiak, Kodiak Sciences, ABC, ABC Platform and the Kodiak logo are registered trademarks or trademarks of Kodiak Sciences Inc. in various global jurisdictions.

Lumentum Announces Upcoming Investor Events

Retrieved on: 
Wednesday, November 16, 2022

Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide.

Key Points: 
  • Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide.
  • Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network.
  • Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities.
  • Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide.

Stagwell Heads to CES 2023: Transforming Marketing Through Impactful Technology

Retrieved on: 
Wednesday, November 16, 2022

NEW YORK and LAS VEGAS, Nov. 16, 2022 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, will attend CES 2023 hosted by the Consumer Technology Association (CTA)®, taking place Jan. 5-8, 2023 in Las Vegas. Stagwell experts and client partners will discuss transforming marketing through impactful technology across a variety of activations at the annual consumer technology expo.

Key Points: 
  • Stagwell experts and client partners will discuss transforming marketing through impactful technology across a variety of activations at the annual consumer technology expo.
  • Stagwell experts and client partners will discuss transforming marketing through impactful technology.
  • "Stagwell transforms marketing through impactful technology, driving measurable outcomes for our clients' businesses and for society at large," said Stagwell Chairman and CEO Mark Penn.
  • If you're a journalist interested in connecting with Mark Penn, Stagwell corporate leaders, or executives from Stagwell agencies in attendance, please email [email protected] .

GoPro to Present at the Nasdaq 47th Investor Conference

Retrieved on: 
Wednesday, November 16, 2022

Celebrating its 20th anniversary in 2022, GoPro helps the world capture and share itself in immersive and exciting ways.

Key Points: 
  • Celebrating its 20th anniversary in 2022, GoPro helps the world capture and share itself in immersive and exciting ways.
  • GoPro customers can submit their photos, raw video clips and edits to GoPro Awards for an opportunity to be featured on GoPro's social channels and receive gear and cash awards.
  • Connect with GoPro on Facebook , Instagram , LinkedIn , TikTok , Twitter , YouTube , and GoPro's blog, The Current .
  • GoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.