NN

NN, Inc. Announces Another Strong Quarter of New Business Awards at $17.2 million in Q1 2024

Retrieved on: 
Monday, April 8, 2024
Plant, NN, Growth, Engineering

CHARLOTTE, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced another strong quarter of new business wins, with $17.2 million in new business awards in the first quarter of 2024.

Key Points: 
  • CHARLOTTE, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced another strong quarter of new business wins, with $17.2 million in new business awards in the first quarter of 2024.
  • NN continued its momentum from the second half of 2023, consistent with the company’s 2024 target of $55-$70 million of new business awards.
  • Additionally, over 70% of the Q1 2024 awards have an immediate startup in 2024.
  • The company’s forward pipeline remains focused and robust, with $610 million of potential new business.

STMicroelectronics helps Panasonic Cycle Technology bring AI to e-assisted bikes for affordable safety boost

Retrieved on: 
Wednesday, April 3, 2024
Panasonic Cycle Technology, Panasonic, NN, Static pressure, Electronics, Tokyo Big Sight, MCU, Transport, AI, Software, Life, STM, Safety, Ecosystem, Hertz, STM32, STMicroelectronics, Timo, TPMS, Medical device

ST’s edge AI solutions provide a tire pressure monitoring system (TPMS) that leverages an advanced AI function to improve rider safety and convenience.

Key Points: 
  • ST’s edge AI solutions provide a tire pressure monitoring system (TPMS) that leverages an advanced AI function to improve rider safety and convenience.
  • ST's edge AI development tool, STM32Cube.AI, enabled Panasonic to implement this edge AI function while fitting into STM32F3 embedded memory space.
  • This new function simplifies tire air-pressure maintenance, which enhances rider safety and prolongs the life of tires and other cycle components.
  • ST offers a comprehensive edge AI ecosystem for spreading edge AI to devices used in a wide range of scenarios.

NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
NN, Growth, PNT, NextNav, 3D, Investment, Federal, ID, Hertz, Telecommunications, Balance sheet, Federal Communications Commission

MCLEAN, Va., March 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2023.

Key Points: 
  • MCLEAN, Va., March 13, 2024 (GLOBE NEWSWIRE) -- NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today reported financial results for NextNav’s fourth quarter and full year ended December 31, 2023.
  • Mariam Sorond, NextNav CEO stated, “It’s been an incredible first 100 days as the CEO of NextNav.
  • Mariam Sorond Named New Chief Executive Officer: Mariam Sorond, a veteran industry leader, was appointed NextNav’s new Chief Executive Officer, effective November 29, 2023.
  • In the twelve months ended December 31, 2023, revenue was $3.9 million, and was flat with the prior year period.

indie Semiconductor Announces Strategic Investment in AI Processor Leader Expedera

Retrieved on: 
Wednesday, March 20, 2024
Software, Mobile, Wireless, Networks, Internet, Data Management, Apps, Applications, Technology, Artificial Intelligence, Semiconductor, Other Manufacturing, Other Technology, Manufacturing, Automation, Artificial neural network, NN, Partnership, BSD, Perception, Level 2, ADAS, Artificial intelligence, AI, AI accelerator, LKA, AEB, Advanced driver-assistance system, IP, DMS, NCAP, NPU, Multimedia, Silicon, Video game

indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced a strategic investment in Expedera Inc, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP).

Key Points: 
  • indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced a strategic investment in Expedera Inc, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP).
  • The partnership will deliver customized artificial intelligence (AI) enabled processing capabilities for sensing solutions targeting Advanced Driver Assistance Systems (ADAS) and includes a commercial agreement to integrate customized Expedera OriginTM NPU processing solutions into future indie products.
  • View the full release here: https://www.businesswire.com/news/home/20240320336775/en/
    indie Announces Strategic Investment in AI Processor Leader Expedera (Graphic: Business Wire)
    According to S&P Mobility, by 2029 over 50 percent of vehicles will incorporate Level 2 and above driver automation capabilities, representing a $28 billion ADAS semiconductor opportunity.
  • “Our mission has always been to deliver best-in-market NPU solutions alongside premier partners, which is why we are so thrilled to welcome this new strategic investment and commercial agreement with indie,” said Da Chuang, co-founder and CEO of Expedera.

Advanced Space Demonstrates Artificial Intelligence for Spacecraft Autonomy at the Moon

Retrieved on: 
Thursday, March 21, 2024
Automation, Artificial neural network, NN, Artificial intelligence, Classification, Microelectronics, Software, Spacecraft, Telemetry, Anomaly, IARPA, Intelligence, Machine learning, Software engineering, Kálmán, Orbit, Communications satellite

WESTMINSTER, Colo., March 21, 2024 /PRNewswire/ -- Today, Advanced Space, LLC, a leading space tech solutions company announced the successful use of machine learning in cislunar space. The Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE™) spacecraft has been busy testing new software that is laying the groundwork for a substantial and transformative advance in autonomous navigation in orbit.

Key Points: 
  • WESTMINSTER, Colo., March 21, 2024 /PRNewswire/ -- Today, Advanced Space, LLC , a leading space tech solutions company announced the successful use of machine learning in cislunar space.
  • This is part of a study for the Intelligence Advanced Research Projects Activity (IARPA) under the MicroE4AI (Microelectronics for Artificial Intelligence) program.
  • The capabilities of SigmaZero build upon the Advanced Space mission of developing cutting-edge technologies like machine learning (ML) that improve onboard spacecraft autonomy.
  • We are grateful to our teams of performers, including Advanced Space, who are working diligently to help us meet our program's goals."

Visidon AI-powered Low-Light Video Enhancement selected to Hailo-15 AI Vision Processor

Retrieved on: 
Tuesday, March 12, 2024
Algorithm, NN, Original equipment manufacturer, Partnership, ISP, Embedded, CNN, LPR, Motion, AI, City, Internet service provider, DDR, Television

OULU, Finland, March 12, 2024 /PRNewswire/ -- The leading AI chipmaker Hailo has selected Visidon CNN-powered low-light video enhancement for their Hailo-15 AI vision processor. Hailo-15 is a family of AI vision processors for smart cameras that deliver up to 20 TOPS of AI inference and are able to process deep-learning AI applications such as video analytics.

Key Points: 
  • OULU, Finland, March 12, 2024 /PRNewswire/ -- The leading AI chipmaker Hailo has selected Visidon CNN-powered low-light video enhancement for their Hailo-15 AI vision processor.
  • Hailo-15 is a family of AI vision processors for smart cameras that deliver up to 20 TOPS of AI inference and are able to process deep-learning AI applications such as video analytics.
  • Founded in 2006, Visidon specializes in developing AI-based image and video enhancement technologies.
  • "We are excited for collaborating with Hailo to enable a remarkable low-light video quality for Hailo-15 AI vision processor-empowered camera devices with our AI de-noise technology.

Visidon AI-powered Low-Light Video Enhancement selected to Hailo-15 AI Vision Processor

Retrieved on: 
Tuesday, March 12, 2024
Algorithm, NN, Original equipment manufacturer, Partnership, ISP, Embedded, CNN, LPR, Motion, AI, City, Internet service provider, DDR, Television

OULU, Finland, March 12, 2024 /PRNewswire/ -- The leading AI chipmaker Hailo has selected Visidon CNN-powered low-light video enhancement for their Hailo-15 AI vision processor. Hailo-15 is a family of AI vision processors for smart cameras that deliver up to 20 TOPS of AI inference and are able to process deep-learning AI applications such as video analytics.

Key Points: 
  • OULU, Finland, March 12, 2024 /PRNewswire/ -- The leading AI chipmaker Hailo has selected Visidon CNN-powered low-light video enhancement for their Hailo-15 AI vision processor.
  • Hailo-15 is a family of AI vision processors for smart cameras that deliver up to 20 TOPS of AI inference and are able to process deep-learning AI applications such as video analytics.
  • Founded in 2006, Visidon specializes in developing AI-based image and video enhancement technologies.
  • "We are excited for collaborating with Hailo to enable a remarkable low-light video quality for Hailo-15 AI vision processor-empowered camera devices with our AI de-noise technology.

AI Stocks - Another Application to Watch; Transforming the Future of Transportation Safety

Retrieved on: 
Monday, March 4, 2024
Crypto, Écu, Subaru Corporation, Artificial intelligence, Mining, News, ADAS, Sale, Advanced driver-assistance system, VRU, Sport, Perception, PMCS, Climate, Disclosure, Accident, Subaru, Social media, Algorithm, RVSN, Marketing, Transport, Renewable energy, Motorcycle, Engineering Division, National highway, Nvidia Jetson, Euro NCAP, Interview, Partnership, Crashworthiness, NN, Public, Publishing, NCAP, Safety, S&P Global, PGM, Automation, Dell Technologies, Research, Pedestrian, AI, Dell, Risk, Electricity, NHTSA, Policy, Movement, Rail transport

The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.

Key Points: 
  • The Artificial Intelligence (AI) revolution is impacting all sectors, and transportation has not been left out.
  • "AI is revolutionizing the transportation industry in many ways, and its impact on safety is significant.
  • This signifies a significant step forward in Rail Vision's commitment to advancing rail safety and efficiency through cutting-edge technologies.
  • Metropolis members can gain early access to NVIDIA platform updates to enhance their AI application development efforts.

NN, Inc. Reports Fourth Quarter and Full Year 2023 Results; 2024 Guidance

Retrieved on: 
Monday, March 11, 2024
Acquisition, Senior, NN, Growth, Adjustment, GAAP, Video game

CHARLOTTE, N.C., March 11, 2024 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Specific to the fourth quarter, we were also pleased with our big new business award performance.
  • Loss from operations was $7.9 million compared to a loss from operations of $11.0 million in the fourth quarter of 2022.
  • Net sales for the fourth quarter of 2023 were $43.3 million compared to $50.0 million in the fourth quarter of 2022, a decrease of 13.4% or $6.7 million.
  • Net sales for the fourth quarter of 2023 were $69.2 million compared to $68.0 million in the fourth quarter of 2022, an increase of 1.8% or $1.2 million.

NextNav To Acquire Additional Lower 900 MHz Band Spectrum Licenses

Retrieved on: 
Monday, March 11, 2024
Court, Federal, NN, Federal Communications Commission, PNT, NextNav, Hertz

MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation. NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock. The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.

Key Points: 
  • MCLEAN, Va., March 11, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced it has signed an agreement to acquire spectrum licenses covering an additional 4 MHz in the lower 900 MHz band (902-928) from Telesaurus Holdings GB LLC, and Skybridge Spectrum Foundation.
  • NextNav is acquiring the additional spectrum licenses for a total purchase price of up to $50 million, paid for through a combination of cash and NextNav common stock.
  • The acquired licenses are in the same lower 900 MHz band as NextNav’s current licensed spectrum.
  • “We are excited to add additional spectrum licenses to our portfolio and following the close of this significant transaction, NextNav’s combined assets will total 3.5 billion MHz-PoPs of low band spectrum,” stated NextNav CEO Mariam Sorond.