CPS

CPS Announces Fourth Quarter and Full Year 2023 Earnings

Retrieved on: 
Friday, March 15, 2024
LAS, CPSS, CPS, Video game

Revenues for the fourth quarter of 2023 were $92.0 million, an increase of $9 million, or 10.8%, compared to $83.0 million for the fourth quarter of 2022.

Key Points: 
  • Revenues for the fourth quarter of 2023 were $92.0 million, an increase of $9 million, or 10.8%, compared to $83.0 million for the fourth quarter of 2022.
  • Pretax income for the fourth quarter of 2023 was $9.8 million compared to pretax income of $18.3 million in the fourth quarter of 2022.
  • During the fourth quarter of 2023, CPS purchased $301.8 million of new contracts compared to $322.4 million during the third quarter of 2023 and $428.1 million during the fourth quarter of 2022.
  • Annualized net charge-offs for the fourth quarter of 2023 were 7.74% of the average portfolio as compared to 5.83% for the fourth quarter of 2022.

Phosphorus Appoints Osama AlZoubi as Regional Vice President of Saudi Arabia and Middle East

Retrieved on: 
Wednesday, March 13, 2024
IIT, Organization, NEOM, CPS, Growth, Computer science, Red Sea Project, Digital, Internet of things, RSAC, DEF, Industrial internet of things, Knowledge, Artificial intelligence, Business architecture, University, Software, Engineering, System, IoMT, Kingdom, Digital transformation, Vision 2030, City, Publication, Cisco, OT, Destroy Lonely, Public sector, Patent, Region, UIC, MEA, Cyber-physical system, Computer, ICT, Arms industry

NASHVILLE, Tenn., March 13, 2024 (GLOBE NEWSWIRE) -- Phosphorus Cybersecurity Inc., the leading provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), today announced the appointment of Osama AlZoubi as the Regional Vice President, Saudi Arabia and the Middle East.

Key Points: 
  • NASHVILLE, Tenn., March 13, 2024 (GLOBE NEWSWIRE) -- Phosphorus Cybersecurity Inc., the leading provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), today announced the appointment of Osama AlZoubi as the Regional Vice President, Saudi Arabia and the Middle East.
  • As one of the world’s fastest growing economic regions, Saudi Arabia and the Middle East are experiencing significant technological progress, particularly in energy, smart manufacturing, and urban development.
  • “Cybersecurity is critically important in fast-developing Saudi Arabia, and across the Middle East region, as more countries invest in advanced technologies, such as smart cities.
  • Prior to joining Phosphorus, AlZoubi held multiple global leadership roles and most recently served as Chief Technology Officer (CTO) for Cisco in the Middle East and Africa.

Merck’s KEYTRUDA® (pembrolizumab) Plus Chemoradiotherapy (CRT) Significantly Improved Overall Survival (OS) Versus CRT Alone in Patients With Newly Diagnosed High-Risk Locally Advanced Cervical Cancer

Retrieved on: 
Friday, March 15, 2024
Science, Biotechnology, Research, Pharmaceutical, Oncology, Health, FDA, Clinical Trials, MSD, OS, Chemoradiotherapy, CRT, Obstetrics, Congress, Gynaecology, CPS, Survival, Disease, Progression-free survival, Data monitoring committee, Cervical cancer, Patient, Neoplasm, Merck & Co., Overalls, Humanitas University, Bevacizumab, MRK, Cancer, ESMO, PFS, FIGO, PD-L1, Food, Pharmaceutical industry

At a pre-specified interim analysis conducted by an independent Data Monitoring Committee, KEYTRUDA in combination with concurrent CRT showed a statistically significant and clinically meaningful improvement in OS versus concurrent CRT alone.

Key Points: 
  • At a pre-specified interim analysis conducted by an independent Data Monitoring Committee, KEYTRUDA in combination with concurrent CRT showed a statistically significant and clinically meaningful improvement in OS versus concurrent CRT alone.
  • The safety profile of KEYTRUDA in this trial was consistent with that observed in previously reported studies; no new safety signals were identified.
  • Results will be presented at an upcoming medical meeting and shared with regulatory authorities worldwide.
  • As previously reported , KEYNOTE-A18 met its other primary endpoint of progression-free survival (PFS) in 2023.

Overcoming EU IVDR Challenges When Using Clinical Trial Assays to Accelerate Global CDx Trials, Upcoming Webinar Hosted by Xtalks

Retrieved on: 
Wednesday, March 27, 2024
CDX, EUDAMED, IVD, Medical device, Regulatory affairs, CPS, European, IVDR

TORONTO, March 27, 2024 /PRNewswire-PRWeb/ -- From May 2022 onwards, clinical trial assays being developed as companion diagnostics (CDx) need to meet the requirements of the European Union In Vitro Diagnostics Regulation (EU IVDR; Regulation (EU) 2017/746 (EU IVDR)), which includes more stringent oversight during the clinical performance study (CPS) phase of development.

Key Points: 
  • Attendees will gain insights into solutions to help overcome some IVDR hurdles for global clinical trials.
  • The featured speakers will share key considerations when planning for CDx trials with EU sites.
  • Register for this webinar today where experts will share their experience with the EU IVDR and provide insights into solving challenges faced during the EU IVDR submission process.
  • For more information, or to register for this event, visit Overcoming EU IVDR Challenges When Using Clinical Trial Assays to Accelerate Global CDx Trials.

CPS Energy Acquires Gas Plants in Corpus Christi and Laredo From Talen Energy as Part of Approved Generation Plan

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

CPS ENERGY ACQUIRES GAS PLANTS IN CORPUS CHRISTI AND LAREDO FROM TALEN ENERGY AS PART OF APPROVED GENERATION PLAN

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

Claroty and Axonius Partner to Bring Enterprise Attack Surface Management to Cyber-Physical Systems

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Organization, Software as a service, CPS, Worldwide, Communication, Partnership, Internet of things, Business, Risk, Business development, BMS, IoMT, OT, Extension, Risk management

NEW YORK, March 26, 2024 /PRNewswire/ -- Claroty, the cyber-physical systems (CPS) protection company, and Axonius, the leader in cybersecurity asset management and SaaS management, today announced a new partnership that combines technologies to bring enterprise attack surface management to all assets across an organization's networks, including IT, cloud, and the Extended Internet of Things (XIoT) — the vast network of CPS including OT, IoT, BMS, and IoMT.

Key Points: 
  • By combining Claroty's knowledge of CPS environments with Axonius' 1,000+ integrations that extend to the cloud, customers gain a unified view and profile of all assets across environments.
  • Additionally, the platforms extend seamlessly into vulnerability profiling, attack surface exposure visualization, and management of exposures via protective measures and access controls to limit and segment allowable network communication and drive intelligent and timely incident response.
  • "We're excited to be partnering with Claroty to bring to organizations a unified system of record for securing their digital infrastructure," said Mark Daggett, Vice President of Worldwide Channel Alliances at Axonius.
  • These organizations are well-protected against and prepared for everything from ransomware and supply chain attacks to insider threats.

Claroty Launches Advanced Anomaly Threat Detection for Medigate to Boost Cybersecurity Standards for Healthcare Organizations

Retrieved on: 
Tuesday, March 12, 2024
Control theory, Behavior informatics, ATD, Organization, Conference, MITRE ATT&CK, CPS, Public health, Communication, HPH, Health, Internet of things, ATT&CK, Research, Health care, HHS, MITRE, BMS, Enterprise, HDOS, IoMT, TTP, Education minister, OT, Public key certificate, Compromise

NEW YORK and ORLANDO, Fla., March 12, 2024 /PRNewswire/ -- Claroty, the cyber-physical systems (CPS) protection company, today announced at the annual HIMSS24 conference the release of the Advanced Anomaly Threat Detection (ATD) Module within the Medigate Platform from Claroty. The new capability provides healthcare organizations with the clinical context to properly identify, assess, and prioritize threats to connected medical devices, IoT, and building management systems (BMS).

Key Points: 
  • NEW YORK and ORLANDO, Fla., March 12, 2024 /PRNewswire/ -- Claroty , the cyber-physical systems (CPS) protection company, today announced at the annual HIMSS24 conference the release of the Advanced Anomaly Threat Detection (ATD) Module within the Medigate Platform from Claroty.
  • Not only is the proliferation of attacks driving healthcare organizations to adopt stronger cybersecurity postures, but the changing regulatory environment is another factor driving change.
  • Claroty's Advanced ATD Module empowers healthcare to strengthen their cybersecurity postures and achieve regulatory compliance with features including:
    Signature-based detection enhances threat detection, analysis, and response based on known signatures and Indicators of Compromise (IoCs).
  • "Healthcare Delivery Organizations have been facing an uphill battle for years, with the threat of the next ransomware attack always looming.

63% of Known Vulnerabilities Tracked by CISA are on Healthcare Organization Networks, Claroty's Team82 Finds

Retrieved on: 
Tuesday, March 12, 2024
Probability, Diagnosis, Failure, Research, CISA, Conference, Risk management, CPS, Medicine, MRI, Health, National Vulnerability Database, Internet of things, Patient, Hospital, Health care, Wi-Fi, Computer security, EPSS, Defibrillation, Oss, NVD, Pump, Medical device

NEW YORK and ORLANDO, Fla. , March 12, 2024 /PRNewswire/ -- Claroty, the cyber-physical systems (CPS) protection company, released today at the annual HIMSS24 conference a new report that uncovered concerning data about the security of medical devices connected to healthcare organization networks such as hospitals and clinics. The State of CPS Security Report: Healthcare 2023 discovered a staggering 63% of CISA-tracked Known Exploited Vulnerabilities (KEVs) on these networks, and that 23% of medical devices—including imaging devices, clinical IoT devices, and surgery devices—have at least one KEV.

Key Points: 
  • Vulnerabilities and implementation weaknesses frequently surface in Team82's research, and a direct line can be drawn to potentially negative patient outcomes in each of these cases.
  • "However, the increase in connectivity requires proper network architecture and an understanding of the exposure to attackers that it introduces.
  • Healthcare organizations and their security partners must develop policies and strategies that stress the need for resilient medical devices and systems that can withstand intrusions.
  • The State of CPS Security Report: Healthcare 2023 is a snapshot of healthcare cybersecurity trends, medical device vulnerabilities, and incidents observed and analyzed by Team82, Claroty's threat research team, and our data scientists.

Phosphorus Appoints Mike Sullivan as President of Worldwide Field Operations

Retrieved on: 
Thursday, March 7, 2024
Palo Alto Networks, RSAC, IoMT, Internet of things, Growth, Industrial internet of things, OT, Organization, DEF, Tanium, CPS, Destroy Lonely, Risk management

NASHVILLE, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Phosphorus Cybersecurity Inc., the leading provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), today announced the appointment of Mike Sullivan as the President of Worldwide Field Operations, effective April 2024.

Key Points: 
  • NASHVILLE, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Phosphorus Cybersecurity Inc., the leading provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), today announced the appointment of Mike Sullivan as the President of Worldwide Field Operations, effective April 2024.
  • “Mike is an exceptional talent and has an outstanding track record leading go-to-market and field operations with some of the top cybersecurity companies in the industry,” said Chris Rouland, CEO of Phosphorus.
  • Prior to joining Phosphorus, Sullivan most recently served as Chief Revenue Officer (CRO) of Talon Cyber Security (acquired by Palo Alto Networks).
  • For more information about Phosphorus, visit www.phosphorus.io , or see us at upcoming conferences, such as RSAC, Black Hat, and DEF CON.