OTA

AI Startup BeCause Advances Tourism Sustainability Practices with Strong Support from Angel Investors

Retrieved on: 
Wednesday, May 17, 2023
Online, Data management, Travel, Booking.com, Because, The Alchemist Accelerator, Tourism, OTA, Steensgaard's algorithm, Certification, Acquisition, Green Key, Investment, Frederick, Cord, Copenhagen School, Danske Bank, Automation, Cryptocurrency, Security (finance), Entrepreneurship

COPENHAGEN, Denmark, May 17, 2023 /PRNewswire/ -- BeCause, the trailblazing startup transforming how the hospitality, travel, and tourism industries manage their sustainability data, has announced a significant early investment from renowned Danish entrepreneurs-turned-investors Carsten Mahler and Daniel Heskia. The $450,000 investment provides important financial backing for the Danish company's next phase and brings valuable strategic guidance and advice from seasoned investors known for identifying successful enterprises and generating significant returns.

Key Points: 
  • The startup's AI-powered sustainability hub simplifies, speeds up, and reduces costs for sustainability management in the tourism industry, freeing up resources and allowing for greater real-world impact.
  • The investors' success with FundConnect, which manages financial data similarly to how BeCause handles sustainability data, highlights their expertise in creating and scaling digital ecosystems.
  • It also points to the potential of future applications for BeCause's sustainability data solutions beyond the travel and tourism sector.
  • Other investors in BeCause include Innovation Fund Denmark, Alchemist Accelerator, the Copenhagen School of Entrepreneurship, Vækstfonden, and Corde Invest.

Strategy Update: Mercedes-Benz Vans to Further Strengthen Its Position as Leading Manufacturer of Premium Light Commercial Vehicles

Retrieved on: 
Tuesday, May 16, 2023
Luxury, EV, Electric Vehicles, Aftermarket, Vehicle Technology, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Retail, Human, Mercedes-Benz, Freedom, B2B, OLU, OTA, Electricity, Food miles, Multimedia, LCV, Carbon, BEV, Vito, Plant, DPDHL, Digital technology, SAE, Level 2, Mercedes, Courier, Last mile, V class, Recreational vehicle, Architecture, Evan, Growth, Sprinter, CO2, Express, Automotive industry, Fashion design, Renewable energy, Atmosphere of Earth, Vans

VAN.EA -- Mercedes-Benz Van Electric Architecture (Photo: Business Wire)

Key Points: 
  • Serving both private and commercial customers, Mercedes-Benz Vans will pursue a differentiated approach to each segment.
  • Parallel to this, the division is pursuing a premium strategy for the commercial vans segment that represents around 80% of the division’s sales share serving different industries.
  • Looking ahead, significant growth potential is seen in the United States for premium commercial large vans and in China for luxury private vans.
  • Mercedes-Benz Vans serves multiple industries spanning from basic Courier, Express and Parcel (Last Mile Delivery) vehicles to the highly profitable recreational vehicles (RVs).

NXP and TSMC to Deliver Industry’s First Automotive 16 nm FinFET Embedded MRAM

Retrieved on: 
Tuesday, May 16, 2023
Business development, Senior, NXPI, OTA, Business, MRAM, SDV, Fin field-effect transistor, TSMC, NXP, Safety, Software, Video game, Satellite navigation device

With MRAM, carmakers can more efficiently roll out new features, accelerate over-the-air (OTA) updates and remove production bottlenecks

Key Points: 
  • With MRAM, carmakers can more efficiently roll out new features, accelerate over-the-air (OTA) updates and remove production bottlenecks
    EINDHOVEN, The Netherlands, May 16, 2023 (GLOBE NEWSWIRE) -- NXP Semiconductors (NASDAQ: NXPI), the world leader in automotive processing, today announced its collaboration with TSMC to deliver the industry’s first automotive embedded MRAM (Magnetic Random Access Memory) in 16 nm FinFET technology.
  • Bringing together NXP’s high-performance S32 automotive processors with fast and highly reliable next-generation non-volatile memory in 16 nm FinFET technology provides the ideal hardware platform for this transition.
  • TSMC’s 16FinFET embedded MRAM technology exceeds the rigorous requirements of automotive applications with its one-million cycle endurance, support for solder reflow, and 20-year data retention at 150°C.
  • “MRAM is a breakthrough addition to NXP’s S32 automotive solution portfolio supporting next-generation vehicle architectures.”
    Test vehicle samples are complete and in evaluation.

Ethernovia Raises $64 Million to Accelerate the Revolution of Vehicle Networks

Retrieved on: 
Monday, May 15, 2023
Vehicle Technology, Semiconductor, Automotive, General Automotive, Technology, Software, Networks, Communication, Qualcomm, Prevalence, Qualcomm Ventures, AMD, OTA, Porsche, Porsche SE, Silicon, Acquisition, Engineering, SE, Growth, ADAS, Ecosystem, AD, Advanced driver-assistance system, Safety, Shirani, Cryptocurrency, Renewable energy, Atmosphere of Earth

Ethernovia, Inc. , a Silicon Valley-based startup, today announced that it has completed its A-round financing of $64 million.

Key Points: 
  • Ethernovia, Inc. , a Silicon Valley-based startup, today announced that it has completed its A-round financing of $64 million.
  • As vehicle architectures evolve from domain-centric controllers, networking solutions must concurrently evolve to support higher data rates of advanced vehicle applications while meeting demand for improved reliability and security.
  • Such advanced applications include Advanced Driver-Assisted Systems (ADAS), autonomous driving (AD) and a rich ecosystem of customer software delivered Over the Air (OTA).
  • “Ethernovia’s solution transforms the automobile’s communication network by providing a reliable, standards-based, high-speed connectivity needed to enable the software-defined vehicle.

Authentic Holdings Inc. Releases Management Update and 2023 Outlook

Retrieved on: 
Wednesday, May 10, 2023
Equity (finance), QR code, Human, Advertising, Music, Communication, Satellite, NFT, Partnership, FCC, Christmas, Cascadia official soccer team, Marketing, Cable and Satellite Broadcasting Council, OTA, Blockchain, All Elite Wrestling, Black History Month, Telephone numbers in Hungary, Eye, Maestro, Target Corporation, 1906–1917 Stanford rugby teams, Social media, Old, Local Now, Cyprus Securities and Exchange Commission, Roku, Athlete, Barnes, DirecTV, Motion, Non-fungible token, Acquisition, Old Vic New Voices, Gold, Redeemer of Souls, T.Love, Form, WWE, Vinyl, Cable, Growth, Security (finance), Free TV, George Harrison – The Vinyl Collection, Cryptocurrency, Retail, Sport, Television, Atmosphere of Earth

SOMERVILLE, N.J., May 10, 2023 /PRNewswire/ --  To our shareholders, Thank you for taking the time to review our update and 2023 Outlook.

Key Points: 
  • SOMERVILLE, N.J., May 10, 2023 /PRNewswire/ --  To our shareholders, Thank you for taking the time to review our update and 2023 Outlook.
  • In addition, they are owed $38,000 on their final Note which will be bought out for cash in the coming weeks.
  • The future for Old is Gold looks extremely promising and the outlook for growth in vinyl record sales remains strong.
  • We will continually strive to make Authentic Holdings, Inc. a standout company and always with an eye towards shareholder communication.

Organic food sales in the United States in 2022 broke through $60 billion

Retrieved on: 
Wednesday, May 10, 2023
Energy drink, Organic Trade Association, OTA, Organic certification, Convenience store, Clothing, Eating, Fruit, Sale, Organic, Yogurt, Growth, Health, Annual report, Environment, Insight, Education, Total, Egg, Grocery store, Pharmaceutical industry, Broadcasting

The organic market grew despite challenging headwinds: inflation pressures tightening consumer wallets, supply chain disruptions caused by the pandemic and global political events, a proliferation of competing food labels in the grocery aisles and a labor shortage felt acutely by organic producers. Inflation heated up costs across the organic supply chain – indeed, the entire food supply chain -- and boosted prices in the grocery aisles. As a result, the organic sector reflected the overall food sector, with the value of organic sales rising even as the growth in the volume of sales for some categories slipped.    

Key Points: 
  • Total organic sales – including organic non-food products, were a record $67.6 billion*, according to the 2023 Organic Industry Survey released Wednesday by the Organic Trade Association.
  • Organic food sales totaled $61.7 billion, while the value of organic non-food sales hit nearly $6 billion.
  • Organic supplement sales held steady with sales of around $2 billion, while organic personal care products rose over 5 percent to $1.2 billion.
  • Total organic sales broke through the $50 billion mark for the first time in 2018, and organic food sales hit $50 billion for the first time just a few years ago in 2019.

Keysight Obtains FiRa Validation for an Automated Ultra-Wideband PHY Conformance Test Tool

Retrieved on: 
Tuesday, May 9, 2023
Data Management, Consumer Electronics, Technology, IOT (Internet of Things), Semiconductor, Telecommunications, Software, Networks, Internet, Hardware, Electronic Design Automation, Industrial internet of things, Consortium, PHY, OTA, UWB, FiRa Consortium, VSA, Fira, AOA, Signal generator, NYSE, Medical device

Keysight Technologies, Inc. (NYSE: KEYS) has obtained a FiRa™ Consortium validation for its automated ultra-wideband (UWB) PHY Conformance Test Tool , enabling device makers and chip designers to quickly test the physical layer (PHY) conformance of their FiRa UWB-based products.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) has obtained a FiRa™ Consortium validation for its automated ultra-wideband (UWB) PHY Conformance Test Tool , enabling device makers and chip designers to quickly test the physical layer (PHY) conformance of their FiRa UWB-based products.
  • UWB, a short-range, low-energy wireless technology, is quickly being adopted for secure proximity and location-based services for use by smartphones and industrial internet of things (IIoT) devices.
  • To take advantage of these new market opportunities, semiconductor and device makers seek to validate their components through FiRa to ensure conformance to UWB standards.
  • By providing a FiRa Consortium validated test tool based on our vector transceiver, we are enabling our customers to quickly and easily test their UWB devices for conformance with FiRa PHY technical requirements.”

By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars

Retrieved on: 
Wednesday, May 3, 2023
OTA, Original equipment manufacturer, Automotive industry, Research, History, Toyota, SDV, GM, Risk, Tesla, Software

LONDON, May 3, 2023 /PRNewswire/ -- By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.

Key Points: 
  • According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.
  • "In 2022, nearly 10 million cars were recalled in the United States due to software-related issues, with nearly half of these requiring the software to be updated by a car dealer.
  • Although most new cars can now receive OTA updates, many OEMs still lack the in-vehicle architecture to update software in all domains.
  • To remain competitive, OEMs must embrace OTA software updates and be capable of using them throughout the vehicle."

By 2028, Automakers Will Save US$1.5 Billion Using Over-the-Air Updates to Fix Recalled Cars

Retrieved on: 
Wednesday, May 3, 2023
OTA, Original equipment manufacturer, Automotive industry, Research, History, Toyota, SDV, GM, Risk, Tesla, Software

LONDON, May 3, 2023 /PRNewswire/ -- By 2028, automakers in the United States will use Over-the-Air (OTA) update capabilities to save US$1.5 billion by remotely implementing fixes to product recalls. According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.

Key Points: 
  • According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually.
  • "In 2022, nearly 10 million cars were recalled in the United States due to software-related issues, with nearly half of these requiring the software to be updated by a car dealer.
  • Although most new cars can now receive OTA updates, many OEMs still lack the in-vehicle architecture to update software in all domains.
  • To remain competitive, OEMs must embrace OTA software updates and be capable of using them throughout the vehicle."

GRAND CANYON EDUCATION, INC. REPORTS FIRST QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, May 2, 2023
GCE, University, OTA, Tax, Employment, Occupational therapy, ABSN, Public expenditure, Student, EBITDA, Partner, Investment, Grand Canyon University, Growth, EPS, GCU, Tutoring, Cryptocurrency, Video game, Beauty salon, Risk management, Thermoplastic, Science, Nursing

GCE today announced financial results for the quarter ended March 31, 2023.

Key Points: 
  • GCE today announced financial results for the quarter ended March 31, 2023.
  • The Spring semester started two days later in 2023 and extended four more days into April, which had the effect of shifting $4.5 million in service revenue from the first quarter of 2023 to the second quarter of  2023.
  • Our effective tax rate was 22.3% during the first quarter of 2023 compared to 25.2% during the first quarter of 2022.
  • Net income increased 2.6% to $59.6 million for the first quarter of 2023, compared to $58.1 million for the same period in 2022.