Emerson

Emerson's New Engineering Software Accelerates Plant Modernization Using Artificial Intelligence

Retrieved on: 
Tuesday, August 29, 2023
Cloud computing, Artificial intelligence, AI, Emerson, Algorithm, Library, NYSE, Machine learning, Engineering, Automation, Organization, Software, Video game

AUSTIN, Texas, Aug. 29, 2023 /PRNewswire/ -- Global technology and software leader Emerson (NYSE: EMR) is helping customers more quickly and efficiently transition legacy technology to modern DeltaV™ automation architecture that modernizes and digitizes operations. Emerson's REVAMP advanced software solution uses cloud computing and artificial intelligence (AI) to automate up to 70% of system configuration, reduce errors and manual conversion work, and slash capital costs by up to 15%.

Key Points: 
  • Emerson's REVAMP advanced software solution uses cloud computing and artificial intelligence (AI) to automate up to 70% of system configuration, reduce errors and manual conversion work, and slash capital costs by up to 15%.
  • Organizations seeking to modernize control and safety systems often start with decades-old code that must be transitioned to current software.
  • Emerson's REVAMP advanced software combines an extensive knowledge base from similar modernization projects with Emerson's experience library to develop continuously updating AI models.
  • The applied AI in REVAMP informs project teams of the engineering requirements before migration projects even begin, making planning easy.

Dragos Honored With Two Prestigious 2023 SC Media Awards for Best Industrial Security Solution and Most Promising Unicorn

Retrieved on: 
Monday, August 21, 2023
Data Management, Security, Other Energy, Utilities, Technology, Energy, Software, Civic Trust Awards, Education, Health, API, BlackRock, Venture round, Trust, Intelligence, Emerson, Unicorn, ICS, Organization, Hewlett Packard Enterprise, Anomaly, Rockwell Automation, Knowledge, International Design Excellence Awards, Medical device, Risk management

Dragos, Inc. , the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, announced today that Dragos was recognized as a recipient of the 2023 SC Awards in two separate categories: Best Industrial Security Solution and Most Promising Unicorn .

Key Points: 
  • Dragos, Inc. , the global leader in cybersecurity for industrial controls systems (ICS)/operational technology (OT) environments, announced today that Dragos was recognized as a recipient of the 2023 SC Awards in two separate categories: Best Industrial Security Solution and Most Promising Unicorn .
  • The SC Awards program is cybersecurity’s most prestigious and competitive program, recognizing the solutions, organizations, and people driving innovation and success in information security.
  • Now in its 26th year, the 2023 SC Awards are highly coveted and draw a continued record of entries each year.
  • Dragos is also the first industrial cybersecurity “unicorn,” having secured Series D funding of $200 million bringing its valuation to $1.7 billion.

Emerson Reports Third Quarter 2023 Results; Updates 2023 Outlook

Retrieved on: 
Wednesday, August 2, 2023
Growth, Emerson, Table, Investment, Management

"Emerson delivered another exceptional quarter of underlying sales growth and solid financial and operational results, driven by our highly differentiated portfolio of capabilities and offerings," said Emerson President and Chief Executive Officer Lal Karsanbhai.

Key Points: 
  • "Emerson delivered another exceptional quarter of underlying sales growth and solid financial and operational results, driven by our highly differentiated portfolio of capabilities and offerings," said Emerson President and Chief Executive Officer Lal Karsanbhai.
  • "We continue to advance our growth and profitability as a leading automation company, underpinned by the Emerson Management System and the world-class execution of our talented global team."
  • The following tables summarize the fiscal year 2023 guidance framework for continuing operations which was increased from prior guidance.
  • The 2023 outlook includes $2 billion returned to shareholders through share repurchases completed in the first quarter and approximately $1.2 billion of dividend payments.

Aspen Technology Announces Financial Results for the Fourth Quarter and Fiscal 2023

Retrieved on: 
Tuesday, August 1, 2023
Professional Services, Data Management, Technology, Finance, Software, Asset Management, Spend, Webcast, ACV1, Share repurchase, Bank statement, Emerson, OSI, GAAP, Sale, SSE, Open Systems International, Acquisition, ACV, Heritage, Growth, SMS, Tobacco, Video game, Credit, Cryptocurrency, Engineering

Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its fourth quarter and fiscal year 2023, ended June 30, 2023.

Key Points: 
  • Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its fourth quarter and fiscal year 2023, ended June 30, 2023.
  • Annual Spend for Heritage AspenTech2 was $730.9 million at the end of fiscal 2023, increasing 8.5% year over year and 2.7% quarter over quarter.
  • Income from operations was $6.0 million in the fourth quarter of fiscal 2023, compared to income from operations of $39.2 million in the fourth quarter of fiscal 2022.
  • Net income was $27.3 million or $0.42 per diluted share in the fourth quarter of fiscal 2023, compared to net income of $57.2 million, or $1.13 per diluted share, in the fourth quarter of fiscal 2022.

ETQ Builds Strong Momentum in Second Quarter as More Global Businesses Embrace Quality Management to Improve Business Outcomes

Retrieved on: 
Monday, July 31, 2023
Reliance, SkyWater Technology, Communication, QMS, Food safety, Keurig, Emerson, DSV, Transport, Nutrien, Quality, Machine Design, Pentair, Organization, Documentation, Favourite, ASQ, Investment, Risk, PPG, Trane Technologies, Growth, Paris Air Show, System, Health, Safety, Conference, Pharmaceutical industry, Mobile phone, Hexagon, Varian

BURLINGTON, Mass., July 31, 2023 /PRNewswire/ -- ETQ, part of Hexagon, today announced that it has continued its growth trajectory and achieved strong momentum in the second quarter of 2023, underscoring the positive impact that quality management is having on business outcomes. Among the highlights, the company released new product features of its ETQ Reliance NXG cloud-native quality management system (QMS), expanded its customer base, showcased the innovation excellence of some of its key customers, and increased its presence at leading industry forums.

Key Points: 
  • During the second quarter, ETQ released updates to its award-winning ETQ Reliance NXG® cloud-native quality management system (QMS).
  • In the second quarter, several long-time customers such as Keurig Dr Pepper, Pentair, SkyWater Technology and Emerson expanded their investments in ETQ Reliance.
  • ETQ hosted and participated in several industry events during the second quarter to showcase how quality management can be leveraged to reduce risk, achieve compliance and improve operational excellence.
  • ETQ was featured in several industry journals during the quarter, including Machine Design , Quality Magazine , Forbes and Today's Medical Developments .

ETQ Builds Strong Momentum in Second Quarter as More Global Businesses Embrace Quality Management to Improve Business Outcomes

Retrieved on: 
Monday, July 31, 2023
Reliance, SkyWater Technology, Communication, QMS, Food safety, Keurig, Emerson, DSV, Transport, Nutrien, Quality, Machine Design, Pentair, Organization, Documentation, Favourite, ASQ, Investment, Risk, PPG, Trane Technologies, Growth, Paris Air Show, System, Health, Safety, Conference, Pharmaceutical industry, Mobile phone, Hexagon, Varian

BURLINGTON, Mass., July 31, 2023 /PRNewswire/ -- ETQ, part of Hexagon, today announced that it has continued its growth trajectory and achieved strong momentum in the second quarter of 2023, underscoring the positive impact that quality management is having on business outcomes. Among the highlights, the company released new product features of its ETQ Reliance NXG cloud-native quality management system (QMS), expanded its customer base, showcased the innovation excellence of some of its key customers, and increased its presence at leading industry forums.

Key Points: 
  • During the second quarter, ETQ released updates to its award-winning ETQ Reliance NXG® cloud-native quality management system (QMS).
  • In the second quarter, several long-time customers such as Keurig Dr Pepper, Pentair, SkyWater Technology and Emerson expanded their investments in ETQ Reliance.
  • ETQ hosted and participated in several industry events during the second quarter to showcase how quality management can be leveraged to reduce risk, achieve compliance and improve operational excellence.
  • ETQ was featured in several industry journals during the quarter, including Machine Design , Quality Magazine , Forbes and Today's Medical Developments .

Rocket Companies Appoints Varun Krishna Chief Executive Officer

Retrieved on: 
Monday, July 31, 2023
Learning, Fintech, Capital market, PayPal, Emerson, Rocket Mortgage, History, Consumer, Rocket, Walters, Growth, City, Ecosystem, NYSE, TurboTax, Management, Intuit

Krishna to Succeed Walters as Rocket Mortgage CEO in dual role; Bill Emerson to Become President and Chief Operating Officer of Rocket Companies

Key Points: 
  • Krishna to Succeed Walters as Rocket Mortgage CEO in dual role; Bill Emerson to Become President and Chief Operating Officer of Rocket Companies
    DETROIT, July 31, 2023 /PRNewswire/ -- Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses, including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today announced that its Board of Directors has appointed accomplished fintech executive Varun Krishna as the company's Chief Executive Officer, effective September 5, 2023.
  • Krishna will succeed Bill Emerson, who has served as interim Chief Executive Officer since June.
  • Emerson will continue in his interim role until Krishna joins the Company, and will remain on the Rocket Companies Board while also working with Krishna to ensure a smooth transition of leadership.
  • Krishna will succeed Walters at that time as Rocket Mortgage CEO and Emerson will assume the roles of President and Chief Operating Officer for Rocket Companies.

Global Asset Performance Management Market 2023-2030: Cloud-based Solutions Drive Demand Amidst Business Expansion

Retrieved on: 
Friday, July 28, 2023
Energy, Data Management, Technology, Software, Utilities, Nexus, Infor, Communication, IBM, Reliability, ARMS, Emerson, Research, SAP, APM, Government, Investment, Honeywell, Growth, GE Digital, Bentley Systems, IPS, Automation, Cryptocurrency, Renewable energy, Asset management, Oracle, Application, Yokogawa Electric

The "Global Asset Performance Management Market 2023-2030: By Product, Technology, Grade, Application, End-user and Region" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Asset Performance Management Market 2023-2030: By Product, Technology, Grade, Application, End-user and Region" report has been added to ResearchAndMarkets.com's offering.
  • The global asset performance management market is experiencing substantial growth, driven by the rising demand for advanced tools that enable automation and efficient communication within the software.
  • Asset performance management solutions are being widely adopted across various industries as businesses expand their operations to reach more customers, leading to increased demand for cloud-based solutions and services.
  • The demand for asset performance management solutions is further driven by the growing preference for predictive maintenance techniques.

Is it a healthy day in the neighborhood? Louisville institutions partner in Universal Basic Neighborhood research

Retrieved on: 
Friday, July 28, 2023
Exercise, Simmons College of Kentucky, University, Student, Drinking water, University of Louisville, Wellness, Rice University, Culture, Participatory action research, Policy, Water, University of Louisville School of Law, Health equity, Smith, Emerson, Simmons, History, Life expectancy, Social media, Louisville Metro Department of Corrections, University of Kentucky College of Law, Recreation, Public health, Texas Health Resources, Outline, Government of Louisville, Kentucky, Crescent Hill, Uzhhorod National University Department of Sociology and Social Work, Baker Institute, Disease, UBN, Diabetes, UofL, The Brandeis School of San Francisco, Robert, Mortality, Health, Transport, Environment, Sociology, Soil, Pharmaceutical industry, Industrial design, Dietary supplement, Nursing, Religion, Law

LOUISVILLE, Ky., July 28, 2023 /PRNewswire-PRWeb/ -- What characteristics of a neighborhood contribute to the health of its residents – or reduce it?

Key Points: 
  • LOUISVILLE, Ky., July 28, 2023 /PRNewswire-PRWeb/ -- What characteristics of a neighborhood contribute to the health of its residents – or reduce it?
  • A universal basic neighborhood is one that has all the necessary community assets that help residents thrive in their place.
  • For example, in Louisville's predominantly Black communities, life expectancy is as much as 12.6 years less than in the most affluent, predominantly white communities.
  • Black babies born from 2011-2015 have a death rate 1.95 times higher than the Louisville Metro average and 2.31 times higher than white babies.

Emerson Receives Bosch Global Supplier Award Recognizing Sustainability and Emissions Progress

Retrieved on: 
Wednesday, July 26, 2023
Carbon, Emerson, GHG, Sustainability, Carbon Disclosure Project, Climate, Environment, NYSE, Automation, Renewable energy, Food industry

LAATZEN, Germany, July 26, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) received the 2023 Bosch Global Supplier Award, placing the company among a select global group of Bosch's most valued suppliers helping drive innovation in pursuit of sustainability targets and their commitment to climate neutrality. Emerson earned the Global Supplier Award for Sustainability, recognizing the company's exemplary commitment to climate neutrality and comprehensive efforts to reduce greenhouse gas (GHG) emissions.

Key Points: 
  • Emerson earned the Global Supplier Award for Sustainability, recognizing the company's exemplary commitment to climate neutrality and comprehensive efforts to reduce greenhouse gas (GHG) emissions.
  • "Sustainable supply chains strengthen global prosperity and benefit society," said Dr. Arne Flemming, Bosch's head of supply chain management.
  • "Emerson is deeply honored to receive the 2023 Bosch Global Supplier Award in the Sustainability category," said Emerson Chief Sustainability Officer Mike Train.
  • From its approximately 35,000 global suppliers, Bosch recognized Emerson and 45 other suppliers from 11 countries for the Global Supplier Awards on July 14, 2023, at the International Congress Center in Dresden, Germany.