Mitsubishi Electric

Mitsubishi Electric Receives Order for Frequency Converter Station that Stabilizes Power Grid across Different Frequencies

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Monday, October 2, 2023

Utilities, Technology, Manufacturing, Energy, Networks, Other Manufacturing, Hardware, Organization, Mitsubishi Electric, VSC, Ohio Valley Electric Corporation, HVDC, Electricity, Electric power

Mitsubishi Electric Corporation (TOKYO: 6503) has been awarded a contract by J-Power Transmission Network Co., Ltd. to supply a 300MW Voltage Source Converter (VSC) High Voltage Direct Current (HVDC) Transmission for the Shin-Sakuma Frequency Converter Station in Hamamatsu, Shizuoka prefecture.

Key Points:

Mitsubishi Electric Corporation (TOKYO: 6503) has been awarded a contract by J-Power Transmission Network Co., Ltd. to supply a 300MW Voltage Source Converter (VSC) High Voltage Direct Current (HVDC) Transmission for the Shin-Sakuma Frequency Converter Station in Hamamatsu, Shizuoka prefecture.
The system is expected to be in service by the end of March 2028.
Electricity in Japan is supplied at two different frequencies; principally 50Hz in Eastern Japan and 60Hz in Western Japan.
Since grids operating at different frequencies cannot be directly connected, frequency converter stations are required to exchange power between the two regions.

Intelligent Remote Terminal Unit Market size to grow by USD 1.82 billion during 2022-2027| Growing need for remote monitoring in industrial facilities to drive the market growth - Technavio

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Friday, September 29, 2023

The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Key Points:

The report analyses the market size and growth and provides accurate predictions on the growth of the market.
Intelligent Remote Terminal Unit (RTU) Market 2023 – 2027: Market Dynamics:
The global intelligent RTU market is experiencing significant growth due to the increasing integration of IoT.
During the forecast period, the wireless intelligent RTU segment is expected to contribute substantial growth to the Intelligent Remote Terminal Unit (RTU) market share.
Industrial Remote Terminal Unit (RTU) Market: The industrial remote terminal unit (RTU) market size is estimated to grow at a CAGR of 6.17% between 2022 and 2027.

Industrial Robotics Market size worth USD 32.09 Billion, Globally, by 2030 at 10.46% CAGR: Verified Market Research®

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Friday, September 29, 2023

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JERSEY CITY, N.J., Sept. 29, 2023 /PRNewswire/ -- The Global Industrial Robotics Market is projected to grow at a CAGR of 10.46% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.35 Billion in 2021 and is expected to reach USD 32.09 Billion by the end of the forecast period.

Key Points:

The " Global Industrial Robotics Market Size By Type, By Industry, By Geographic Scope And Forecast " report has been published by Verified Market Research®.
The report provides an in-depth analysis of the global Industrial Robotics Market, including its growth prospects, market trends, and market challenges.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Industrial Robotics Market, please Contact Verified Market Research® .
Based on the research, Verified Market Research® has segmented the global Industrial Robotics Market into Type, Industry, And Geography.

Industrial Robotics Market size worth USD 32.09 Billion, Globally, by 2030 at 10.46% CAGR: Verified Market Research®

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Friday, September 29, 2023

JERSEY CITY, N.J., Sept. 29, 2023 /PRNewswire/ -- The Global Industrial Robotics Market is projected to grow at a CAGR of 10.46% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 14.35 Billion in 2021 and is expected to reach USD 32.09 Billion by the end of the forecast period.

Key Points:

The " Global Industrial Robotics Market Size By Type, By Industry, By Geographic Scope And Forecast " report has been published by Verified Market Research®.
The report provides an in-depth analysis of the global Industrial Robotics Market, including its growth prospects, market trends, and market challenges.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Industrial Robotics Market, please Contact Verified Market Research® .
Based on the research, Verified Market Research® has segmented the global Industrial Robotics Market into Type, Industry, And Geography.

The In-Vehicle Infotainment Market Is Set To Reach 32.8 Billion By 2027, With Increasing Demand For Autonomous Vehicles - By The Business Research Company

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Friday, September 29, 2023

Panasonic, Aptiv, Pioneer Corporation, EV, Deep learning, Mitsubishi Electric, Intelligence, Hyundai Motor Group, JVCKenwood, Compound annual growth rate, Visteon, Traction, NVIDIA, Artificial intelligence, Yoy, Growth, AI, Automotive industry

LONDON , Sept. 29, 2023 /PRNewswire/ -- As per The Business Research Company's In-Vehicle Infotainment Global Market Report 2023, the global in-vehicle infotainment market is gearing up for substantial growth, with a projected increase from $19.88 billion in 2022 to a staggering $22.09 billion in 2023, representing an impressive Compound Annual Growth Rate (CAGR) of 11.1%. This upward trajectory is set to continue, with expectations of reaching $32.85 billion in 2027 at a CAGR of 10.4%. The in-vehicle infotainment market's robust expansion is propelled by the surging demand for autonomous and electric vehicles, marking a monumental shift in the automotive industry landscape.

Key Points:

This upward trajectory is set to continue, with expectations of reaching $32.85 billion in 2027 at a CAGR of 10.4%.
The in-vehicle infotainment market's robust expansion is propelled by the surging demand for autonomous and electric vehicles, marking a monumental shift in the automotive industry landscape.
The increasing demand for autonomous and electric vehicles is a pivotal driver for the in-vehicle infotainment market .
Asia Pacific stands as the largest region in the in-vehicle infotainment market , boasting a substantial worth of $7.2 billion in 2022.

The In-Vehicle Infotainment Market Is Set To Reach 32.8 Billion By 2027, With Increasing Demand For Autonomous Vehicles - By The Business Research Company

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Friday, September 29, 2023

LONDON, Sept. 29, 2023 /PRNewswire/ -- As per The Business Research Company's In-Vehicle Infotainment Global Market Report 2023, the global in-vehicle infotainment market is gearing up for substantial growth, with a projected increase from $19.88 billion in 2022 to a staggering $22.09 billion in 2023, representing an impressive Compound Annual Growth Rate (CAGR) of 11.1%. This upward trajectory is set to continue, with expectations of reaching $32.85 billion in 2027 at a CAGR of 10.4%. The in-vehicle infotainment market's robust expansion is propelled by the surging demand for autonomous and electric vehicles, marking a monumental shift in the automotive industry landscape.

Key Points:

This upward trajectory is set to continue, with expectations of reaching $32.85 billion in 2027 at a CAGR of 10.4%.
The in-vehicle infotainment market's robust expansion is propelled by the surging demand for autonomous and electric vehicles, marking a monumental shift in the automotive industry landscape.
The increasing demand for autonomous and electric vehicles is a pivotal driver for the in-vehicle infotainment market .
Asia Pacific stands as the largest region in the in-vehicle infotainment market , boasting a substantial worth of $7.2 billion in 2022.

BlackBerry Reports Second Quarter Fiscal Year 2024 Results

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Thursday, September 28, 2023

WATERLOO, ON, Sept. 28, 2023 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended August 31, 2023 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Key Points:

Non-GAAP basic loss per share of $0.04 and GAAP basic loss per share of $0.07.
WATERLOO, ON, Sept. 28, 2023 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended August 31, 2023 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
We expect a strong finish for IoT revenue this fiscal year, with the fourth quarter forecasted to be the strongest ever.
BlackBerry will discuss its outlook in connection with the quarterly earnings announcement further on its earnings conference call.

Mitsubishi Electric Selects BlackBerry to Power its New In-Vehicle System

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Tuesday, September 26, 2023

TOKYO and WATERLOO, ON, Sept. 26, 2023 /PRNewswire/ -- Mitsubishi Electric (TOKYO: 6503) and BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Mitsubishi Electric's new automotive in-cabin system, Mitsubishi Electric FLEXConnect™, will be powered by BlackBerry IVY®, an edge-to-cloud vehicle data platform. The collaboration will help advance road safety by leveraging an array of sensor data to anticipate safety risks, reduce driver distractions, highlight potential driving hazards, and enable new consumer experiences.

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TOKYO and WATERLOO, ON, Sept. 26, 2023 /PRNewswire/ -- Mitsubishi Electric (TOKYO: 6503) and BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Mitsubishi Electric's new automotive in-cabin system, Mitsubishi Electric FLEXConnect™, will be powered by BlackBerry IVY®, an edge-to-cloud vehicle data platform.
"We are delighted that Mitsubishi Electric has selected BlackBerry to power its new in-vehicle system," said Vito Giallorenzo, SVP General Manager of IVY and Head of Corporate Development at Blackberry.
"By leveraging BlackBerry IVY as a key component of its FLEXConnect™ platform, Mitsubishi Electric raises the bar for in-cabin experiences and helps improve road safety.
The Mitsubishi Electric FLEXConnect™ platform core is its driver monitoring system (DMS) and occupant monitoring system (OMS).

Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2024

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Friday, September 22, 2023

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Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2023) of the current fiscal year ending March 31, 2024 (fiscal 2024).

Key Points:

Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2023) of the current fiscal year ending March 31, 2024 (fiscal 2024).
The full document on Mitsubishi Electric’s dividend policy can be viewed at the following link:
The company plans to pay an interim dividend of 20 yen per share, as of the record date of September 30, 2023, with due consideration on performance and financial standing in the first half of fiscal 2024.
The actual dividend will be declared at the Board of Directors’ meeting in October 2023.
The year-end dividend, as of the record date of March 31, 2024, is currently undecided.

Mitsubishi Electric to Ship Samples of GaN Power Amplifier Module for 5G Massive MIMO Base Stations

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Thursday, September 14, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Gallium Nitride (GaN) power amplifier module for use in 5G massive MIMO (mMIMO) base stations on September 21.

Key Points:

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Gallium Nitride (GaN) power amplifier module for use in 5G massive MIMO (mMIMO) base stations on September 21.
Power amplifier modules help reduce the power consumption of 5G mMIMO base stations.
Since these base stations utilize multi-element antennas and a correspondingly high number of power amplifiers, highly efficient power amplifier modules play an important role reducing the power consumption and manufacturing costs of these base stations.
Mitsubishi Electric will commence sample shipments of a GaN power amplifier module for 5G mMIMO base stations that can deliver an average output power of 8W (39 dBm) over wide frequencies ranging from 3.4GHz to 3.8GHz.