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Fuel Cells For Military Unmanned Aerial Vehicle (UAV) Market to increase by USD 232.91 million from 2023 to 2028; North America accounts for 33% of the market growth - Technavio

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Monday, December 11, 2023

Elbit Systems, UAV, Unmanned aerial vehicle, HALE, Honeywell, USD, CHP, Intelligent Energy, General Dynamics, Geography, U.S. military UAS groups, Growth, Northrop Grumman, Textron, MMC, Free, Airline, Ceramic

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The fuel cells for military unmanned aerial vehicle (UAV) market is expected to grow by USD 232.91 million from 2023 to 2028.

Key Points:

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The fuel cells for military unmanned aerial vehicle (UAV) market is expected to grow by USD 232.91 million from 2023 to 2028.
The rising need for extended flight time is notably driving the fuel cells for the military unmanned aerial vehicle (UAV) market.
However, factors such as high initial costs of fuel cell systems may impede market growth.
Fuel Cells For Military Unmanned Aerial Vehicle (UAV) Market 2024-2028: Segmentation
The market growth by the hydrogen fuel cell segment is significant during the forecast period.

Exascend Unveils Automotive Storage Solutions for Connected Vehicles

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Wednesday, November 8, 2023

ECC, Vibration, A2, Temperature, ADAS, LDPC, Humidity, FFU, Shock, IOPS, IATF, SLC, MMC, JEDEC, Navigation, FBGA, TLC, Computer data storage

TAIPEI, Nov. 8, 2023 /PRNewswire/ -- Exascend , a service-oriented provider of innovative storage and memory solutions, today announced its EM500 series e.MMC and microSD500 series memory cards to meet rising data storage demands of connected and autonomous vehicles.

Key Points:

TAIPEI, Nov. 8, 2023 /PRNewswire/ -- Exascend , a service-oriented provider of innovative storage and memory solutions, today announced its EM500 series e.MMC and microSD500 series memory cards to meet rising data storage demands of connected and autonomous vehicles.
The Exascend EM500 offers capacities from 4GB to 256GB and delivers sequential read/write speeds up to 295 MB/s and 210 MB/s in HS400 data transfer mode.
For removable storage requirements, Exascend's microSD500 series comes in capacities from 8GB to 256GB with speed class V30/U3/C10 and performance class A2.
"As data from connected and autonomous vehicles grows exponentially, the next generation of these vehicles requires robust storage to enable cutting-edge applications," said Frank Chen, Exascend CEO.

Exascend Unveils Automotive Storage Solutions for Connected Vehicles

Retrieved on:

Wednesday, November 8, 2023

ECC, Vibration, A2, Temperature, ADAS, LDPC, Humidity, FFU, Shock, IOPS, IATF, SLC, MMC, JEDEC, Navigation, FBGA, TLC, Computer data storage

TAIPEI, Nov. 8, 2023 /PRNewswire/ -- Exascend , a service-oriented provider of innovative storage and memory solutions, today announced its EM500 series e.MMC and microSD500 series memory cards to meet rising data storage demands of connected and autonomous vehicles.

Key Points:

TAIPEI, Nov. 8, 2023 /PRNewswire/ -- Exascend , a service-oriented provider of innovative storage and memory solutions, today announced its EM500 series e.MMC and microSD500 series memory cards to meet rising data storage demands of connected and autonomous vehicles.
The Exascend EM500 offers capacities from 4GB to 256GB and delivers sequential read/write speeds up to 295 MB/s and 210 MB/s in HS400 data transfer mode.
For removable storage requirements, Exascend's microSD500 series comes in capacities from 8GB to 256GB with speed class V30/U3/C10 and performance class A2.
"As data from connected and autonomous vehicles grows exponentially, the next generation of these vehicles requires robust storage to enable cutting-edge applications," said Frank Chen, Exascend CEO.

Morphic Announces Corporate Highlights and Financial Results for the Third Quarter 2023

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Friday, November 3, 2023

MMC, MD, Conditional sentence, Doctor of Philosophy, Ruxolitinib, Research, Morphic, Bone marrow, ...Continued, AbbVie, Patient, Pharmaceutical industry, UC

WALTHAM, Mass., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Morphic Therapeutic (Nasdaq: MORF), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today reported corporate highlights and financial results for the third quarter 2023.

Key Points:

-Ended third quarter with $725.1 million in cash, cash equivalents, and marketable securities providing runway into the second half of 2027-
WALTHAM, Mass., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Morphic Therapeutic (Nasdaq: MORF), a biopharmaceutical company developing a new generation of oral integrin therapies for the treatment of serious chronic diseases, today reported corporate highlights and financial results for the third quarter 2023.
“Morphic presented a comprehensive set of positive results from the 12-week induction phase of the EMERALD-1 study of MORF-057 in UC, showing consistent efficacy across-the-board for patients, while demonstrating no safety signals.
These results are particularly impressive, given that enrollment was skewed towards the severe end of the spectrum of moderately-to-severely active UC.
The increase was due to increased non-cash stock-based compensation expenses and higher payroll costs
As of September 30, 2023, Morphic had cash, cash equivalents and marketable securities of $725.1 million, compared to $731.4 million as of June 30, 2023.

Marsh McLennan Reports Third Quarter 2023 Results

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Thursday, October 19, 2023

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2023.

Key Points:

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2023.
John Doyle, President and CEO, said: "Marsh McLennan's third quarter results were outstanding, reflecting strength across the business.
Consolidated revenue in the third quarter of 2023 was $5.4 billion, an increase of 13% compared with the third quarter of 2022.
In August, Marsh McLennan Agency (MMA) acquired Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S.
A conference call to discuss third quarter 2023 results will be held today at 8:30 a.m. Eastern time.

EQS-News: Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A. and its subsidiaries

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Tuesday, October 17, 2023

Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A.

Key Points:

Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A.
Eighth acquisition in 2023: Mutares has successfully completed the acquisition of the assets of Holland Industrial Construction Systems Coöperatief U.A.
and its subsidiaries (‘Byldis’)
Munich, October 11, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of assets of Holland Industrial Construction Systems Coöperatief U.A.
The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights.

Ukraine Activates Marsh McLennan-Supported War Risk Data Platform; Analysis Confirms Progress in Protecting Ukrainian Communities and People

Retrieved on:

Thursday, October 12, 2023

Ukraine today launched a data platform allowing insurers, investors and governments to analyze war risks in the country.

Key Points:

Ukraine today launched a data platform allowing insurers, investors and governments to analyze war risks in the country.
In doing so, it enables transparency about the impact of the conflict to date and the degree of war risk.
The equivalent figure since the invasion began on 24 February 2022 is 66%, demonstrating the progress made by Ukraine over the past year.
It also shows that 101 once-occupied communities have been recovered from Russia by Ukraine since the invasion began.

Marsh McLennan names Pat Tomlinson President of Mercer

Retrieved on:

Thursday, October 12, 2023

View the full release here: https://www.businesswire.com/news/home/20231012586503/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231012586503/en/
Pat Tomlinson has been appointed President of Mercer, Marsh McLennan’s global business in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.
Mr. Tomlinson will retain his responsibilities as Marsh McLennan US and Canada CEO and Mercer US and Canada President in the near term.
Following Ms. Ferland’s retirement, Mr. Tomlinson will succeed her as President and CEO of Mercer and Vice Chair of Marsh McLennan, and he will join Marsh McLennan’s Executive Committee reporting to John Doyle, Marsh McLennan President and CEO.
I look forward to working with Pat in his new role.”
He added, “Mercer and Marsh McLennan colleagues will miss Martine’s exceptional and empathetic leadership.

Large Asset Owners Are Confident in Their Portfolios’ Resilience Despite Market Uncertainty as They Target Higher Infrastructure and Private Debt and Equity Allocations

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Thursday, October 12, 2023

Finance, Consulting, Banking, Professional Services, Asset Management, Organization, Retirement, NYSE, MMC, AUM, Marsh McLennan, ESG, Human, Tourism, Security (finance), Bank, Renewable energy, Investment

While LAOs expressed an interest in increasing their allocations to private markets, how to navigate them is a chief concern.

Key Points:

While LAOs expressed an interest in increasing their allocations to private markets, how to navigate them is a chief concern.
Additionally, only 18% of LAOs manage private market investments in-house, with the majority opting to outsource management of this resource intensive asset class.
With LAOs planning to add to their positions in private equity, private debt and infrastructure in the next year, the trend towards outsourcing could accelerate.
Large Asset Owners are still in the relatively early stages of setting climate targets, but momentum is building.

Agile Defense Expands Support to US Army PEO C3T through Key Contract Win

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Thursday, September 28, 2023

United States Army Research Laboratory, PM, Army, Blue, United States Army Futures Command, PEO C3T, BFT, Command and control, United States Army, Research, Organization, MMC, Knowledge, Maintenance (technical), Management

Complimentary to Agile Defense's ongoing support to U.S. Army Futures Command and Army Research Lab, this award will enable Agile Defense to bridge the gap between research and cutting-edge technology and deliver it directly to the battlefield.

Key Points:

Complimentary to Agile Defense's ongoing support to U.S. Army Futures Command and Army Research Lab, this award will enable Agile Defense to bridge the gap between research and cutting-edge technology and deliver it directly to the battlefield.
As the third largest ITES-3S support provider, Agile Defense brings a depth of knowledge and expertise to serving the warfighter's operational needs.
Through this contract, Agile Defense will manage, operate, and maintain critical networks such as Blue Force Tracker (BFT) in support of Program Executive Office Command Control Communication-Tactical (PEO-C3T) and subordinate organizations.
Agile Defense will also be providing helpdesk support for global combat operations, disaster relief, and training missions.