Fiscal year

Algar Telecom Selects Infinera Best-in-Class Coherent Transport Solution to Modernize and Scale Subsea Network

Retrieved on: 
Tuesday, October 18, 2022
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To this end, we fully focus on offering the best customer experience, combining quality services with close and effective customer assistance.

Key Points: 
  • To this end, we fully focus on offering the best customer experience, combining quality services with close and effective customer assistance.
  • Infinera is a global supplier of innovative open optical networking solutions that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations.
  • Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications.
  • This press release contains forward-looking statements, including but not limited to the ability of Algar Telecom to increase spectrum capacity and reduce transport cost per bit by deploying Infineras ICE6 subsea solution.

Angola Cables Selects Infinera’s ICE6 Technology to Upgrade Subsea Network Connecting Brazil and the US

Retrieved on: 
Monday, October 17, 2022
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Angola Cables is an internationally established ICT and digital solutions and network services provider and has been ranked as the most interconnected operator* on the African continent.

Key Points: 
  • Angola Cables is an internationally established ICT and digital solutions and network services provider and has been ranked as the most interconnected operator* on the African continent.
  • Angola Cables also operates twodata centers, AngoNAP Fortaleza Tier III (Brazil) and the data centre, AngoNAP Luanda (Angola), and managesPIX in BrazilandAngonix Angola- one of the largest Internet Exchange Points (IXPs) in Africa.
  • This press release contains forward-looking statements, including but not limited to the ability of Infinera to provide a seamless upgrade to Angola Cables existing network by utilizing its ICE6 technology.
  • Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

Columbia Banking System Announces Regular Cash Dividend of $0.30 and Provides Third Quarter 2022 Earnings Release and Conference Call Date

Retrieved on: 
Thursday, October 6, 2022
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Additionally, Columbia expects to report third quarter 2022 financial results before the market opens on Thursday, October 20, 2022.

Key Points: 
  • Additionally, Columbia expects to report third quarter 2022 financial results before the market opens on Thursday, October 20, 2022.
  • Management will discuss these results on a conference call scheduled for Thursday, October 20, 2022 at 11:00 a.m. Pacific Time (2:00 p.m.
  • Interested parties may register for the call here to receive dial-in details and their own unique PINs or join the webcast here .
  • Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon, Idaho and California.

Nepal Prepares to Emerge onto the World Stage as It Continues to Accelerate Its Post-Covid Regeneration

Retrieved on: 
Tuesday, October 4, 2022
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Since the installation of the new Nepal government in February 2018 , the country has shifted to a federal structure.

Key Points: 
  • Since the installation of the new Nepal government in February 2018 , the country has shifted to a federal structure.
  • This growth is set to be partially fuelled by the announcement that major road expansions are being put into place across Nepal.
  • These will revolve around the 58km highway that will join the capital, Kathmandu, to the under-connected regions of Kulekhani and Hetauda.
  • As Nepal continues to announce plans to accelerate its post-Covid progression and resurgence, it consolidates its objective of establishing itself as an internationally recognised hub for trade, economic development, connectivity and spirituality.

Turkey Construction Market Size, Trends and Forecasts 2022-2026: Rise in Construction Material Prices and the Depreciation of the Turkish Lira Weighed on the Progress of Construction Projects - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 4, 2022
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The construction industry in Turkey registered a marginal annual decline of 0.9% in real terms in 2021, as the rise in construction material prices and the depreciation of the Turkish lira weighed on the progress of construction projects.

Key Points: 
  • The construction industry in Turkey registered a marginal annual decline of 0.9% in real terms in 2021, as the rise in construction material prices and the depreciation of the Turkish lira weighed on the progress of construction projects.
  • The TCMB has reduced interest rates by 500 basis points since September 2021, which caused a surge in inflation and construction prices in late 2021 and early 2022.
  • According to the Turkish Statistical Institute (TurkStat), the average Construction Cost Index (CCI) rose by 41.3% in 2021, with the prices of construction materials and labor rising by 51% and 21.2%, respectively.
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Turkey, featuring details of key growth drivers.

Biocom California Applauds Government Funding and FDA User Fees Reauthorization Measure

Retrieved on: 
Friday, September 30, 2022
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The measure averts both a government shutdown and an expiration of FDA authority to collect and spend user fees, which would have had disastrous consequences for the life science industry.

Key Points: 
  • The measure averts both a government shutdown and an expiration of FDA authority to collect and spend user fees, which would have had disastrous consequences for the life science industry.
  • California is a world leader in biomedical innovation, generating over $400 billion in annual economic activity and supporting more than 1.4 million jobs.
  • Biocom California also commends House and Senate committee staff who worked tirelessly this year to include important provisions, such as increasing diversity in clinical trials and enhancing FDA workforce, which were not included in the final measure.
  • Founded in 1995 in San Diego, Biocom California provides the strongest public voice to research institutions and companies that fuel the local and state-wide economy.

IHT FISCAL FIRST HALF PROFIT UP 271%; REVENUE UP 25%; EQUITY UP 28%

Retrieved on: 
Tuesday, September 20, 2022
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Earnings Per Share based on this First Fiscal Half Consolidated Net Income was $0.03 per share, up $0.05 from the prior First Fiscal Half last year of ($0.02), an all-time First Fiscal Half rebound.

Key Points: 
  • Earnings Per Share based on this First Fiscal Half Consolidated Net Income was $0.03 per share, up $0.05 from the prior First Fiscal Half last year of ($0.02), an all-time First Fiscal Half rebound.
  • Total Trust Equity increased to $4,058,266 at the end of Fiscal First Half 2023, up 28%, or $898,736 million, from the $3,159,530 reported at the end of the prior Year Fiscal First Half.
  • Net Income before non-cash depreciation expense was $628,041 for the Fiscal First Half ended July 31, 2022, up 218%, or $430,433, compared to prior Year Fiscal First Half ended July 31, 2022.
  • With 2023 Fiscal First Half revenues and profits continuing to rebound, along with the recently completed profitable Fiscal Year 2022, strong positive upward trends continue.

Viettel Selects Infinera Synchronization Solution to Support 5G Rollout Across Vietnam

Retrieved on: 
Monday, September 12, 2022
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Viettel Network Corporation (Viettel Networks) is a member of Military Industry and Telecommunications Group, currently pioneering in deploying the latest technologies such as 5G network infrastructure, cloud computing infrastructure (Cloud).

Key Points: 
  • Viettel Network Corporation (Viettel Networks) is a member of Military Industry and Telecommunications Group, currently pioneering in deploying the latest technologies such as 5G network infrastructure, cloud computing infrastructure (Cloud).
  • In May 2019, Viettel successfully made the first 5G call, officially bringing Vietnam together with the world in 5G mobile technology.
  • Currently, Viettel has covered 5G in 27 provinces/cities in Vietnam with 189 5G station locations.
  • It is expected that by the end of 2022, Viettel will cover 5G in 63 provinces/cities with 600 5G stations.

Financial Compliance Platform Kompliant Selects authID’s Biometric Authentication for Secure Merchant Onboarding

Retrieved on: 
Thursday, September 8, 2022
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DENVER, Sept. 08, 2022 (GLOBE NEWSWIRE) -- authID [Nasdaq: AUID], a leading provider of secure, mobile, biometric authentication solutions, announced today that Kompliant, a U.S.-based, AI-driven, business onboarding and risk-scoring company, will integrate authID’s biometric authentication platform Verified™ to stop identity fraud and automate digital onboarding for its customers. Kompliant works with leading payment processors and sponsor banks, and will deploy authID’s reliable, high-speed identity authentication solution to streamline and secure online merchant application processing and transaction monitoring.

Key Points: 
  • Kompliant works with leading payment processors and sponsor banks, and will deploy authIDs reliable, high-speed identity authentication solution to streamline and secure online merchant application processing and transaction monitoring.
  • Solving for end-to-end compliance lifecycle management by automating manual underwriting and monitoring processes for financial institutions, Kompliant needed an identity authentication partner to eliminate the risks associated with fraudulent merchant onboarding.
  • authIDs cutting-edge biometric authentication platform proved to be the ideal solution, allowing our team to focus on our core mission of managing the compliance lifecycle for our customers.
  • For Kompliant, this empowers their customers to establish digital identity trust during merchant onboarding with automated identity authentication.

authID Inc. Reports Financial and Operating Results for the Second Quarter Ended June 30, 2022

Retrieved on: 
Tuesday, August 9, 2022
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DENVER, Aug. 09, 2022 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID) a leading provider of secure, mobile, biometric identity authentication solutions, today reported financial and operating results for the second quarter and six months ended June 30, 2022.

Key Points: 
  • DENVER, Aug. 09, 2022 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID) a leading provider of secure, mobile, biometric identity authentication solutions, today reported financial and operating results for the second quarter and six months ended June 30, 2022.
  • Total revenue for the three months ended June 30, 2022 was $0.1 million, compared with total revenue of $0.1 million for the three months ended June 30, 2021.
  • For the six months ended June 30, 2022, total revenue was $0.2 million, compared with total revenue for the six months ended June 30, 2021 of $0.3 million.
  • Net loss for the three months ended June 30, 2022 was $6.4 million, compared with $3.0 million a year ago.