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Akoustis Reports First Quarter FY24 Results

Retrieved on:

Monday, November 13, 2023

IDM, Generator, DARPA, Real-time Control System, Q & A, Chips, AP, Growth, IEEE 802.11be, Original equipment manufacturer, BAW, Video game, Television, Mobile phone, Automotive industry, Wi-Fi, Defense

Charlotte, N.C., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, today announced first fiscal quarter results for the period ended September 30, 2023. Revenue was up 26% year-over-year to $7.0 million, in line with the Company’s guidance.

Key Points:

Revenue was up 26% year-over-year to $7.0 million, in line with the Company’s guidance.
Looking ahead, the Company expects return to record revenue in the March quarter of up 18 to 25% in the $8.3 to $8.8 million range.
Given the top-line projections, the Chips ITC refund, and a full quarter of cost savings, we currently expect operating cash burn to be below $6 million in the March quarter with operating cashflow breakeven less than one year away.
Jeff Shealy, founder and CEO of Akoustis, stated, “Maintaining strategic focus, Akoustis persists in driving advancements within the Wi-Fi AP, 5G Infrastructure, and Automotive sectors.

AM Best Affirms Credit Ratings of Legal & General Reinsurance Company No. 2 Limited

Retrieved on:

Wednesday, December 6, 2023

Insurance, Professional Services, PRT, Risk management, Generator, Credit, CAD, AM Best, L&G, News, ALL, Bookkeeping

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Legal & General Reinsurance Company No.

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Legal & General Reinsurance Company No.
L&G Re 2 is an indirect subsidiary of Legal & General Group Plc (L&G) and commenced writing business in 2021.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Global Distributed Energy Generation (DEG) Market Report 2023: Market Trends with Data from 2022, Estimates for 2023 and CAGR Projections through 2028 - ResearchAndMarkets.com

Retrieved on:

Wednesday, November 29, 2023

Alternative Energy, Energy, Utilities, Market, Research, Climate change, Policy, Engineering, Coronavirus, Water pollution, DG, Generator, Atmosphere, Growth, Electricity, GHG, Environment, ESG, Renewable energy

In 2022, the global market for distributed energy generation reached $133.5 billion and expected to grow at a CAGR of 11.3%.

Key Points:

In 2022, the global market for distributed energy generation reached $133.5 billion and expected to grow at a CAGR of 11.3%.
Existing growth trends as well as future projections indicate growth across the board for DG technologies with global markets reaching $241.6 billion by 2028.
The report discusses different technologies of distributed energy generation, like reciprocating engines, small hydropower, solar PV, small combustion turbines, small wind, fuel cells, and microturbines.
The market segments of the report are focused on technical and commercial aspects of distributed energy generation.

Mobile Kitchen Solutions Provides Nationally Recognized Camp a Temporary Kitchen and Dining Solution

Retrieved on:

Monday, November 27, 2023

Mobile Kitchen Solutions, a division of Rental Solutions and Events LLC, has come to the aid of historic Camp Airy in western Maryland after a devastating fire.

Key Points:

Mobile Kitchen Solutions, a division of Rental Solutions and Events LLC, has come to the aid of historic Camp Airy in western Maryland after a devastating fire.
Upon receiving a call from the camp, Ed Asher, the national sales manager for Mobile Kitchen Solutions, put a plan into action.
With the task of feeding 600 campers three meals a day, Mobile Kitchen Solutions immediately mobilized their resources and expertise.
For more information about Mobile Kitchen Solutions and to watch the short video about the Camp Airy response, please visit www.mobilekitchensolutions.com or www.rentalsolutions.net

Trilliant and Tenaga Nasional Berhad Collaborate to Drive Accelerated Smart Meter Deployment

Retrieved on:

Wednesday, November 15, 2023

Trilliant will continue to support TNB as it further accelerates smart meter deployment nationally to meet its energy transition vision.

Key Points:

Trilliant will continue to support TNB as it further accelerates smart meter deployment nationally to meet its energy transition vision.
TNB and Trilliant first formed a strategic partnership in 2017 to support the utility company’s nationwide plan for smart meter deployment, along with a joint go-to-market strategy to drive innovation and deliver smart communications solutions to utilities across Asia Pacific and other select regions.
We seek strategic partnerships with like-minded organisations like Trilliant, where complementary expertise coalesces to drive innovation.
Trilliant’s holistic program with TNB includes the Trilliant Communication Module — locally manufactured in Malaysia — embedded in every smart meter.

EverGlade Consulting Funding Alert: BARDA Funding for Next-Generation Therapeutics and Vaccines for COVID-19 available through Rapid Response Partnership Vehicle (RRPV)

Retrieved on:

Wednesday, December 6, 2023

CHARLESTON, S.C., Dec. 6, 2023 /PRNewswire/ -- The Rapid Response Partnership Vehicle (RRPV) Consortium is a joint initiative with the Biomedical Research and Development Authority (BARDA) to promote research and development in response to pandemics or public health emergencies. The RRPV focuses on accelerating the development, regulatory approval, commercialization, and maintenance of medical countermeasures against threats like pandemic influenza, emerging infectious diseases, and other biological threats.

Key Points:

RRPV seeks to address the capability gap identified by BARDA in developing therapeutics, particularly those offering protection through Pre-exposure Prophylaxis (PrEP) and treatment against new SARS-CoV-2 variants.
"EverGlade Consulting acknowledges the significant potential that RRPV offers to public health," remarked Eric Jia-Sobota, founder of EverGlade Consulting.
If your company has considered applying for BARDA funding, EverGlade can help you make that determination and pursue a successful contract.
Our team has helped both large and small companies prepare, submit, and win applications for federal funding.

Global Distributed Generation (DG) Industry Insights Report 2023: Market to Reach $615.9 Billion by 2030 - Affordable, Efficient Energy Storage Technologies to Magnify the Disruptive Effect of DG

Retrieved on:

Saturday, December 2, 2023

Wind power, Renewable energy, Equitable, System, Growth, Period, Others, DG, Wind, Generator, COVID-19, Geography, Fuel cell, Distributed generation, Election commission, DER, Billion, Kilowatt-hour, Electricity

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Distributed Generation (DG) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Distributed Generation (DG) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Distributed Generation (DG) estimated at US$245.8 Billion in the year 2022, is projected to reach a revised size of US$615.9 Billion by 2030, growing at a CAGR of 12.2% over the analysis period 2022-2030.
Beyond addressing immediate challenges, the report provides strategic recommendations for the power and energy sector as it navigates the post-pandemic landscape.
The report highlights how distributed generation is transforming the electric power industry, with solar photovoltaic technology leading the growth trajectory.

Wind Turbine Rotor Blades Global Market Report - Falling Cost of Wind Energy to Step Up Investments in Wind Farms & Allied Turbine Technologies

Retrieved on:

Monday, November 27, 2023

Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Points:

Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Suffocating Spike in Emissions Shifts Focus on Renewables for Powering a Safer Future: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
Robust Focus on Renewables Sets the Stage for the Growth of Wind Energy: Global Clean Energy Investments (In US$ Billion) for Years 2017, 2019, 2021, and 2023
Strong Outlook for Wind Energy Capacity Expansions Offers Opportunities on a Platter for Wind Turbines & Allied Components: Global Cumulative Installed Capacity of Wind Energy (In Gigawatts) for Years 2013, 2015, 2017, 2019, 2021, 2023 and 2025
Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil?
Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
Upgrades to Aging Energy Infrastructure, Distributed Energy, & Growing Policy Led Emphasis On Integrating Wind Energy Into Utility Energy Mix Bodes Well for Increased Deployment Opportunities for Wind Turbine Rotor Blades
Onshore Wind Remains Among the Cheapest Sources of New Bulk Power Generation: Global Levelised Cost of Electricity ($/MWh) by Energy Type As of the Year 2022
New Developments in Carbon-Fiber-Reinforced Polymers as Evidenced by the Growing Market for Carbon Fibre Composites Bodes Well for Development of Innovative Carbon Fiber Based Turbine Blades: Global Market for Carbon Fiber Composites (In US$ Billion) for Years 2023, 2025, 2027, 2029 & 2031
As Sustainability Emerges Into an Unstoppable Force, Innovative Efforts Get Underway to Keep Turbine Blades from Ending Up in Landfills: Global Investments in Sustainability (In US$ Billion) for Years 2015, 2018, 2020 and 2022

Global Distributed Energy Generation (DEG) Market Report 2023: DG Market Aligns with ESG Goals - Industry Outlook to 2028

Retrieved on:

Monday, November 27, 2023

Market, Research, Climate change, Policy, Engineering, Coronavirus, Water pollution, DG, Generator, Atmosphere, Growth, Electricity, GHG, Environment, ESG, Renewable energy

DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "The Global Market for Distributed Energy Generation" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "The Global Market for Distributed Energy Generation" report has been added to ResearchAndMarkets.com's offering.
The report discusses different technologies of distributed energy generation, like reciprocating engines, small hydropower, solar PV, small combustion turbines, small wind, fuel cells, and microturbines.
It offers a detailed analysis of different technologies and the prevalent trends and opportunities in the market.
The market segments of the report are focused on technical and commercial aspects of distributed energy generation.

Red Bull Ford Powertrains pursues the sustainable future of motorsport with Siemens Xcelerator

Retrieved on:

Monday, November 20, 2023

For the 2026 season, Red Bull Ford Powertrains will build power units for both the Oracle Red Bull Racing and Scuderia Alpha Tauri F1 Teams and will be one of only six manufacturers supplying power units for the F1 series.

Key Points:

For the 2026 season, Red Bull Ford Powertrains will build power units for both the Oracle Red Bull Racing and Scuderia Alpha Tauri F1 Teams and will be one of only six manufacturers supplying power units for the F1 series.
From the announcement of its intent in 2021, Red Bull Ford Powertrains has set an ambitious goal of developing 2026-specification sustainable high-speed power units from the ground-up, while meeting new specifications from F1.
Like any start-up, Red Bull Ford Powertrains is breaking new ground with every component design, especially given the lack of historical data, in the extremely secretive world of powertrains development.
Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform.