Salient

Westwood Holdings Group Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

DALLAS, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter earnings. Significant items include:

Key Points: 
  • DALLAS, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter earnings.
  • Comprehensive income of $2.6 million compared with $3.4 million in the third quarter and a net loss of $3.1 million in the fourth quarter of 2022.
  • Non-GAAP Economic Earnings of $5.2 million for the quarter compared with $6.3 million in the third quarter and a loss of $0.7 million in the fourth quarter of 2022.
  • Westwood will host a conference call to discuss fourth quarter and fiscal year 2023 results and other business matters at 4:30 p.m. Eastern time today.

Nowlake Partners With Salient, A Cutting-Edge Generative AI Platform

Retrieved on: 
Tuesday, January 16, 2024

Nowlake, a Fintech Organization incorporating the philosophy of Westlake and Nowcom, is partnering with Salient to bring generative AI into the Westlake world.

Key Points: 
  • Nowlake, a Fintech Organization incorporating the philosophy of Westlake and Nowcom, is partnering with Salient to bring generative AI into the Westlake world.
  • As the market leader in voice technology, Salient was designed specifically for the needs of the automotive finance industry.
  • They aren't merely paving the path; they're defining excellence in generative AI,” says Michael Wang, our Senior VP of Information Technology.
  • Not only have they been pioneers in voice AI, but they're also the trailblazers who brought generative AI to production, addressing real-world use cases.

Nick Trzcinski Assumes Role as President of Aleut Federal, LLC

Retrieved on: 
Thursday, January 11, 2024

RESTON, Va., Jan. 11, 2024 /PRNewswire/ -- Aleut Federal, LLC (Aleut), a leading provider of defense, infrastructure, and intelligence solutions, is pleased to announce the appointment of Nick Trzcinski as its new President, effective immediately.

Key Points: 
  • RESTON, Va., Jan. 11, 2024 /PRNewswire/ -- Aleut Federal, LLC (Aleut), a leading provider of defense, infrastructure, and intelligence solutions, is pleased to announce the appointment of Nick Trzcinski as its new President, effective immediately.
  • "I am honored to take on the role of President at Aleut Federal and excited to continue working with our dedicated team to drive innovation and excellence," said Trzcinski.
  • As Chief Operating Officer (COO) of Aleut Federal since 2021 and Interim President since September 2023, Trzcinski has played a pivotal role in steering the company through a comprehensive reorganization, implementing large-scale process changes, and fostering a positive shift in the company's culture.
  • "We are confident that Nick's experience and institutional knowledge will drive Aleut Federal to new heights," stated Skoey Vergen, President & CEO of TAC.

Tectonic Financial Appoints David Clifford as Chief Operating Officer

Retrieved on: 
Tuesday, December 19, 2023

HOUSTON, Dec. 19, 2023 /PRNewswire/ -- Tectonic Financial, Inc. ("Tectonic Financial" or the "Company") (Nasdaq: TECTP), a technology-focused financial services company, today announced the appointment of David Clifford as its Chief Operating Officer.

Key Points: 
  • HOUSTON, Dec. 19, 2023 /PRNewswire/ -- Tectonic Financial, Inc. ("Tectonic Financial" or the "Company") (Nasdaq: TECTP), a technology-focused financial services company, today announced the appointment of David Clifford as its Chief Operating Officer.
  • Mr. Clifford joined the Company in 2018 as its Chief Strategy Officer, where he helped develop a comprehensive integrated financial services strategy and led improvements through advanced analytics, processes, and systems.
  • A. Haag Sherman, Co-Founder and Chief Executive Officer of Tectonic Financial, remarked, "Having worked with David for over two decades, both at Salient and Tectonic Financial, I have witnessed his innovative, data-driven approach firsthand.
  • Mr. Clifford expressed his enthusiasm about his new role, stating, "I am deeply honored to step into the role of Chief Operating Officer at Tectonic Financial.

Salient Receives Grant to Provide Enhanced Weather Forecasts for Smallholder Farmers in East Africa

Retrieved on: 
Tuesday, October 10, 2023

BOSTON, Oct. 10, 2023 /PRNewswire/ -- Salient Predictions, a leading pioneer in weather forecasting analytics, has been awarded a $2.9 million grant from the Bill & Melinda Gates Foundation. Supporting smallholder farmers in East Africa through a collaboration with in-region technology and weather partners, Salient's efforts with this investment will help to cost-effectively develop actionable sub-seasonal to seasonal (S2S) weather prediction to increase agricultural productivity and food security in East Africa amidst the challenges of a changing and volatile climate.

Key Points: 
  • Supporting smallholder farmers in East Africa through a collaboration with in-region technology and weather partners, Salient's efforts with this investment will help to cost-effectively develop actionable sub-seasonal to seasonal (S2S) weather prediction to increase agricultural productivity and food security in East Africa amidst the challenges of a changing and volatile climate.
  • "Supporting smallholder farmers in East Africa is well aligned with Salient's mission of enabling climate resiliency and responding to the challenges of our changing climate," said Matt Stein , co-founder and CEO of Salient.
  • "We look forward to providing better S2S forecasts for organizations striving to bolster food stability in the region by integrating data from ground-based weather stations."
  • "Currently, our weather forecasts in East Africa only extend up to 14 days ahead.

Salient Awarded NOAA Grant to Advance Water Availability Forecasting with Weather Patterns Threatening Agricultural Production

Retrieved on: 
Wednesday, September 6, 2023

BOSTON, Sept. 6, 2023 /PRNewswire/ -- Salient Predictions, a leading pioneer in weather forecasting analytics, has been awarded a National Oceanic and Atmospheric Administration (NOAA) Small Business Innovation Research (SBIR) grant to advance water availability forecasting that spans an unprecedented two to 52 weeks ahead. Focused in the vast agricultural region of Central Valley, California, the Phase I project will concentrate on improving predictions of subseasonal to seasonal (S2S) water availability, enabling communities to more effectively manage resources amid increasing and erratic natural disasters like floods and droughts.

Key Points: 
  • BOSTON, Sept. 6, 2023 /PRNewswire/ -- Salient Predictions , a leading pioneer in weather forecasting analytics, has been awarded a National Oceanic and Atmospheric Administration (NOAA) Small Business Innovation Research (SBIR) grant to advance water availability forecasting that spans an unprecedented two to 52 weeks ahead.
  • "Global warming has led to an intensification of the water cycle with longer droughts and more intense rainfall events, threatening agricultural production and hydropower generation," said Ray Schmitt , President and co-founder of Salient.
  • "NOAA recognizes the critical need for advancing predictive capabilities related to water availability," said Dr. Genevieve Lind , SBIR Program Manager at NOAA.
  • "Salient's proposed technology for enhancing water forecasts aligns with NOAA's mission to improve our knowledge and management of water resources in a changing climate."

Salient AI-based Forecasting Model Solves Weather Prediction Challenges Amidst Unprecedented Climate Patterns

Retrieved on: 
Tuesday, August 22, 2023

BOSTON, Aug. 22, 2023 /PRNewswire/ -- Salient Predictions, a leading pioneer in weather forecasting analytics, is adapting to increasing climate volatility by setting new standards in long-range weather prediction with a major upgrade to its revolutionary forecasting solution, subseasonal-to-seasonal (S2S) model, to deliver forecasts two to 52 weeks in advance. Developed by a leading team of scientists and engineers, the cutting-edge AI model employs the power of AI and calibration to create reliable probabilistic distributions and empower decision makers to navigate weather-related challenges and opportunities with greater confidence. 

Key Points: 
  • "Global climate change is spurring volatile weather patterns around the world, presenting urgent challenges in weather forecasting and analytics."
  • - Matt Stein, co-founder and CEO, Salient
    "Global climate change is spurring volatile weather patterns around the world," said Matt Stein , co-founder and CEO of Salient.
  • Salient's new forecasting model stands out for its exceptional accuracy and reliability with new capabilities that enable confident decisions with long-range forecasts amidst unprecedented weather patterns."
  • In the face of pressing global warming challenges, the new S2S model provides indispensable tools to address climate-related risks and vulnerabilities.

EIC Rose Rock Announces Investment Into Salient Predictions

Retrieved on: 
Tuesday, June 27, 2023

TULSA, Okla., June 27, 2023 (GLOBE NEWSWIRE) -- EIC Rose Rock, an early-stage VC fund focused on energy technologies, announced today its direct investment into Salient Predictions, a Boston-based weather analytics company.

Key Points: 
  • TULSA, Okla., June 27, 2023 (GLOBE NEWSWIRE) -- EIC Rose Rock, an early-stage VC fund focused on energy technologies, announced today its direct investment into Salient Predictions, a Boston-based weather analytics company.
  • EIC Rose Rock participated in a $3 million financing alongside several existing investors, including Munich Re Ventures , Powerhouse Ventures and First Star Ventures .
  • We will also be leveraging the extensive network of Rose Rock Bridge to support our growth in the region.”
    In addition to the investment from EIC Rose Rock, Salient has been accepted into the Rose Rock Bridge incubator program and awarded a $100,000 non-dilutive grant to help build its business presence in Tulsa.
  • Rose Rock Bridge and EIC Rose Rock offer a unique investment continuum that provides energy startups from pre-seed to Series A funds, business and IP support, and access to the world’s premier energy companies.

GovCIO Wins Corporate Growth Award at 21st Annual ACG National Capital Awards Gala

Retrieved on: 
Tuesday, June 13, 2023

FAIRFAX, Va., June 13, 2023 /PRNewswire/ -- GovCIO won the Association for Corporate Growth (ACG) National Capital's Corporate Growth Company Award in the over $250 million category presented June 8 at the 21st Annual ACG Corporate Growth Awards Gala.

Key Points: 
  • FAIRFAX, Va., June 13, 2023 /PRNewswire/ -- GovCIO won the Association for Corporate Growth (ACG) National Capital's Corporate Growth Company Award in the over $250 million category presented June 8 at the 21st Annual ACG Corporate Growth Awards Gala.
  • ACG's National Capital chapter honored GovCIO with this award following its significant growth in 2022 and the company's contributions to making the National Capital region one of the best in which to do business.
  • Key achievements leading to this win included 25% annual organic revenue growth to over $840 million, over $1.3 billion in contract wins, 2.2x book to bill since August 2021, and the company's successful rebrand to GovCIO.
  • "We are honored to have won this prestigious award," said Jim Brabston, GovCIO CEO.

Westwood Holdings Group, Inc. Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, April 26, 2023

DALLAS, April 26, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2023 earnings. Significant items for the quarter include:

Key Points: 
  • DALLAS, April 26, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2023 earnings.
  • As of March 31, 2023 Westwood held $32.3 million in cash and short-term investments as of March 31, 2023, down $6.9 million from year end.
  • We declared a cash dividend of $0.15 per common share, payable on July 3, 2023 to stockholders of record on June 2, 2023.
  • Westwood will host a conference call to discuss first quarter 2023 results and other business matters at 4:30 p.m. Eastern time today.