Intelligent transportation system

Quarterhill Inc. Announces $50 Million Bought Deal Public Offering of Convertible Debentures

Wednesday, October 20, 2021 - 8:40pm

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) is pleased to announce that it has entered into a $50 million bought-deal financing (the "Convertible Debenture Financing") of convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by Raymond James Ltd. The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances. The Company has granted the Underwriters an over-allotment option to purchase up to an additional $7.5 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Convertible Debenture Financing. The Debentures will mature on October 30, 2026 (the “Maturity Date”).

Key Points: 
  • The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances.
  • The Debentures will mature on October 30, 2026 (the Maturity Date).
  • Except in certain circumstances involving a Change of Control, the Debentures will not be redeemable at the option of the Company before October 31, 2024.
  • Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

OPSWAT Names Operational Technology (OT) Industry Marketing Expert, Oren T. Dvoskin, as VP of OT and Industrial Control Systems (ICS) Marketing

Wednesday, October 20, 2021 - 1:00pm

TAMPA, Fla., Oct. 20, 2021 /PRNewswire/ -- OPSWAT , the global leader in Critical Infrastructure Protection (CIP), announced today that industry leader Oren T. Dvoskin will be joining the company as Vice President of Operational Technology (OT) and Industrial Control Systems (ICS) Marketing.

Key Points: 
  • TAMPA, Fla., Oct. 20, 2021 /PRNewswire/ -- OPSWAT , the global leader in Critical Infrastructure Protection (CIP), announced today that industry leader Oren T. Dvoskin will be joining the company as Vice President of Operational Technology (OT) and Industrial Control Systems (ICS) Marketing.
  • Dvoskin brings extensive OT/ICS cybersecurity marketing and business development experience and will help OPSWAT scale its vast portfolio of products and presence in the global OT and industrial markets.
  • "Cybercriminals commonly target critical infrastructure and manufacturing companies with ransomware attacks because they know they can easily cause costly operational disruptions," said Oren T. Dvoskin, VP of OT and ICS Marketing at OPSWAT.
  • "And even after a year of high-profile ransomware attacks against these systems, OT/ICS environments remain extremely vulnerable.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00am

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00am

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AEye and Intetra Showcase Advanced Tolling Automation Capabilities at ITS World Congress

Wednesday, October 13, 2021 - 9:00am

(NASDAQ: LIDR), the global leader in adaptive, high-performance LiDAR solutions, and Intetra , a premier provider of end-to-end solutions for Intelligent Transportation Systems (ITS) and Electronic Toll Collection Systems (ETC), announced they are jointly showcasing advanced tolling automation capabilities at ITS World Congress.

Key Points: 
  • (NASDAQ: LIDR), the global leader in adaptive, high-performance LiDAR solutions, and Intetra , a premier provider of end-to-end solutions for Intelligent Transportation Systems (ITS) and Electronic Toll Collection Systems (ETC), announced they are jointly showcasing advanced tolling automation capabilities at ITS World Congress.
  • To see a demonstration of AEyes LiDAR, visit Intetra booth # B5431 October 13-15 at ITS World Congress in Hamburg, Germany.
  • At ITS World Congress, Intetra is showcasing how it can further improve detection tolling accuracy using AEyes adaptive, solid state LiDAR.
  • AEyes LiDAR goes a step further, providing an intelligent, high-performance LiDAR that enables the customization of scanning capabilities for any ITS application.

Geotab Wins Google Cloud Cross-Industry Customer Award

Tuesday, October 12, 2021 - 2:39pm

Geotab Inc. (Geotab), a global leader in IoT and connected transportation, today announced that it has been named the Google Cloud Customer Award winner for Cross-Industry .

Key Points: 
  • Geotab Inc. (Geotab), a global leader in IoT and connected transportation, today announced that it has been named the Google Cloud Customer Award winner for Cross-Industry .
  • Presented at Google Cloud Next 21, this award recognizes Geotab's ability to demonstrate innovative thinking, technical excellence and transformation with Google Cloud.
  • Geotab was recognized for its ability to provide rich data insights through integrations of the Google Cloud platform and Google BigQuery within the Geotab platform.
  • "Geotab is an excellent example of a like-minded Google Cloud partner that is focused on reducing its environmental impact with the power of technology," said Denise Pearl, Google Cloud Global ISV Partner Manager.

Overview of Honda Exhibits at the 27th ITS World Congress 2021 in Hamburg, Germany

Friday, October 8, 2021 - 6:51am

TOKYO, Oct 8, 2021 - (JCN Newswire) - Honda Motor Co., Ltd. will showcase its latest initiatives in the areas of information-communication and control technologies at the 27th Intelligent Transport Systems (ITS) World Congress 2021, which will take place in Hamburg, Germany, from October 11 to 15, 2021.

Key Points: 
  • TOKYO, Oct 8, 2021 - (JCN Newswire) - Honda Motor Co., Ltd. will showcase its latest initiatives in the areas of information-communication and control technologies at the 27th Intelligent Transport Systems (ITS) World Congress 2021, which will take place in Hamburg, Germany, from October 11 to 15, 2021.
  • Honda's advanced safety and driver-assistive technology was developed with a vision to eliminate human errors in driving.
  • Placing the highest priority on safety and reliability, Honda developed the "Traffic Jam Pilot" function, which enables the system to drive the vehicle instead of the driver.
  • ITS 2021 Honda booth website [Release date and time: October 11 (Mon) 3:00PM (JST)]:
    About the 27th ITS World Congress 2021 in Hamburg, Germany
    - ITS World Congress 2021 official website: https://itsworldcongress.com/

Satellite Communication Market size worth $ 131.68 Billion, Globally, by 2028 at 9.10% CAGR: Verified Market Research®

Wednesday, October 6, 2021 - 4:15pm

JERSEY CITY, N.J., Oct. 6, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Satellite Communication Market" By Product (SATCOM Transponder, SATCOM Transceiver, SATCOM Antenna), By Vertical (Government and Military Applications, Civil Satellite Communications, Commercial Application), By End User (Portable SATCOM Equipment, Land Mobile SATCOM Equipment, Maritime SATCOM Equipment), and By Geography. According to Verified Market Research, the Global Satellite Communication Market size was valued at USD 65.68 Billion in 2020 and is projected to reach USD 131.68 Billion by 2028, growing at a CAGR of 9.10% from 2021 to 2028.

Key Points: 
  • According to Verified Market Research, the Global Satellite Communication Market size was valued at USD 65.68 Billion in 2020 and is projected to reach USD 131.68 Billion by 2028, growing at a CAGR of 9.10% from 2021 to 2028.
  • The use of Satellite Communication is extensively in television, telephone, radio, internet, and military applications.
  • Therefore, the usage of satellites for communication in transport networks, which includes logistics, will provide adequate growth opportunities for the market.
  • Verified Market Research has segmented the Global Satellite Communication Market On the basis of Product, Vertical, End-User, and Geography.