Smiths Group

Innovative Solutions & Support, Inc. Appoints Shahram Askarpour as Chief Executive Officer

Retrieved on: 
Friday, January 14, 2022 - 9:30pm

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.

Key Points: 
  • Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.
  • Dr. Askarpours appointment follows yesterdays announcement of the untimely passing of former IS&S Chairman and CEO Geoffrey S. M. Hedrick.
  • Since founding IS&S in 1988, Geoff built up a strong and reliable management team to solidify our company for the future.
  • About Innovative Solutions & Support, Inc.
    Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. ( www.innovative-ss.com ) is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEMs) and retrofit applications.

Innovative Solutions & Support, Inc. Mourns Death of Chairman & CEO Geoff Hedrick

Retrieved on: 
Thursday, January 13, 2022 - 9:30pm

We will miss the creativity, keen intellect and leadership Geoff has shown over the past several decades.

Key Points: 
  • We will miss the creativity, keen intellect and leadership Geoff has shown over the past several decades.
  • In 1971, Mr. Hedrick founded Harowe Systems, Inc. as a joint venture with another company in aerospace hardware.
  • During the course of his career in avionics, Mr. Hedrick held nearly 100 patents in the electronics, optoelectric, electromagnetic, aerospace and contamination-control fields.
  • About Innovative Solutions & Support, Inc.
    Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. ( www.innovative-ss.com ) is a systems integrator that designs and manufactures flight guidance and cockpit display systems for Original Equipment Manufacturers (OEMs) and retrofit applications.

ServiceMax Launches Spark 360 To Accelerate Implementation of Key Asset-Centric Functionality and Drive Continued Customer Success

Retrieved on: 
Tuesday, December 21, 2021 - 2:00pm

Spark 360 also leverages the MaxApproach, an implementation methodology developed through hundreds of successful customer implementations, that delivers maximum efficiency throughout the rollout.

Key Points: 
  • Spark 360 also leverages the MaxApproach, an implementation methodology developed through hundreds of successful customer implementations, that delivers maximum efficiency throughout the rollout.
  • "Spark 360 enables new clients to quickly implement our Asset 360 product and start seeing the benefits of their transformation right away."
  • As 2021 draws to a close, ServiceMax's Asset 360 continues to attract new customers, including Lowry Solutions who completed a significant new implementation in Q3.
  • Looking forward, the addition of Spark 360 and its fixed scope furthers the company's ability to help customers to go live faster with Asset 360.

Smiths Detection wins contract to supply Radiation Portal Monitors across the US to DHS Countering Weapons of Mass Destruction Office

Retrieved on: 
Tuesday, November 9, 2021 - 8:00am

Smiths Detection, a global leader in threat detection and security screening technologies, today announces that it has been awarded a contract by the U.S. Department of Homeland Security (DHS) Countering Weapons of Mass Destruction Office (CWMD) to provide 110 radiation portal monitors (RPM).

Key Points: 
  • Smiths Detection, a global leader in threat detection and security screening technologies, today announces that it has been awarded a contract by the U.S. Department of Homeland Security (DHS) Countering Weapons of Mass Destruction Office (CWMD) to provide 110 radiation portal monitors (RPM).
  • Partnering with Radiation Solutions, Inc, the RPMs will be deployed across land border crossings throughout the US.
  • The RPM is a passive checkpoint which can detect potentially dangerous radiation emitting material which passes through its detection zone.
  • Shan Hood, President of Smiths Detection Inc., said, We are delighted to announce our new contract with the DHS Countering Weapons of Mass Destruction Office, continuing our relationship after the initial contract award for test unit RPMs in January 2019.

Smiths Detection calls for a more focused commitment to protect society from biothreats during The Bipartisan Commission on Biodefense

Retrieved on: 
Thursday, November 4, 2021 - 12:03pm

Dr. Warren Mino, Managing Director of Biotechnology for Smiths Detection , has called for greater federal investment in biodetection programs to protect society from biothreats.

Key Points: 
  • Dr. Warren Mino, Managing Director of Biotechnology for Smiths Detection , has called for greater federal investment in biodetection programs to protect society from biothreats.
  • The Bipartisan Commission on Biodefense is a privately funded entity which provides assessments on the U.S. states biodefense efforts as well as recommendations on how these efforts can be further improved.
  • Smiths Detections actionable recommendations complement those of the recent report from the Bipartisan Commission on Biodefense, Saving Sisyphus: Advanced Biodetection for the 21st Century (October 2021).
  • Smiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defense, and urban security markets.

North American Pulse Oximeter Market Forecast Report 2021: 6.3% Compound Annual Growth is Forecast During 2021 to 2026 - ResearchAndMarkets.com

Retrieved on: 
Friday, October 22, 2021 - 10:01am

The "North America Pulse Oximeter Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "North America Pulse Oximeter Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.
  • The North American region dominated the global market, ever since 2015 which was valued at USD 0.59 Billion in 2015.
  • Post the COVID pandemic, the market is expected to witness market growth of 6.3% throughout the forecasted period of 2021-2026.
  • Increasing emphasis on patient safety during pandemics and demand for consistent vital stats monitoring is expected to drive the growth of the regional market.

Japan Customs and Smiths Detection to boost surveillance with state-of-the-art inspection system

Retrieved on: 
Tuesday, October 19, 2021 - 2:00am

Smiths Detection , a global leader in threat detection and security inspection technologies, has secured a contract with Japan Customs to provide two Hi Energy 9 MeV, interlaced, dual view HCVS high-performance cargo inspection systems for screening trucks and cargo containers to Tokyo Customs at Jyonanjima and Kobe Customs at Mizushima.

Key Points: 
  • Smiths Detection , a global leader in threat detection and security inspection technologies, has secured a contract with Japan Customs to provide two Hi Energy 9 MeV, interlaced, dual view HCVS high-performance cargo inspection systems for screening trucks and cargo containers to Tokyo Customs at Jyonanjima and Kobe Customs at Mizushima.
  • With the ability to discriminate between organic and inorganic materials, the HCVS reduces the need for manual inspection while producing rapid and reliable results.
  • Smiths Detection is proud to support Tokyo and Kobe Customs in creating the safest port environments possible.
  • Smiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defence and urban security.

Smiths Detection confirms BioFlash detects airborne SARS-CoV-2 variants including Delta and Delta plus

Retrieved on: 
Wednesday, October 13, 2021 - 7:00am

Smiths Detection, a global leader in threat detection and security screening technologies, today confirms that its air sampler, BioFlash , can detect SARS-CoV-2 variants including the Alpha variant (B.1.1.7), Beta variant (B.1.351), Gamma variant (P.1), the Kappa variant (B1.617.1), Delta (B.1.617.2) and Delta plus variant (B.1.617.2.1).

Key Points: 
  • Smiths Detection, a global leader in threat detection and security screening technologies, today confirms that its air sampler, BioFlash , can detect SARS-CoV-2 variants including the Alpha variant (B.1.1.7), Beta variant (B.1.351), Gamma variant (P.1), the Kappa variant (B1.617.1), Delta (B.1.617.2) and Delta plus variant (B.1.617.2.1).
  • In January, Smiths Detection announced that BioFlash was capable of detecting airborne SARS-CoV-2 by the United States Army of Medical Research Institute of Infectious Diseases (USAMRIID), and has been successfully used by several Universities to stop the spread of COVID-19 following airborne detection in several campus buildings.
  • Emerging variants are a threat to pandemic recovery; however, mitigation strategies that utilize BioFlash will have an advantage.
  • Smiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defence and urban security markets.

Smiths Detection opens new global technology development centre in Bangalore to advance latest digital technologies

Retrieved on: 
Tuesday, October 5, 2021 - 7:30am

Smiths Detection, a global leader in threat detection and security screening technologies, has today opened a new global technology development centre in Bangalore, India.

Key Points: 
  • Smiths Detection, a global leader in threat detection and security screening technologies, has today opened a new global technology development centre in Bangalore, India.
  • The site will act as a global hub for the development and delivery of new digital technologies that will be used by Smiths Detections customers across the aviation, defence, urban security, and ports and borders industries.
  • Were thrilled to be officially opening this site in Bangalore, which will be a pivotal delivery centre for the next generation of digital security technologies said Vice President Technology and Programme Management, Matt Clark.
  • Smiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defence and urban security markets.

ICU Medical, Inc. to acquire Smiths Medical division from Smiths Group plc for $2.35 billion in cash and stock plus the assumption of certain liabilities and a stock price performance-based earn-out

Retrieved on: 
Wednesday, September 8, 2021 - 7:15am

SAN CLEMENTE, Calif. and LONDON, Sept. 08, 2021 (GLOBE NEWSWIRE) -- ICU Medical, Inc. (NASDAQ: ICUI) and Smiths Group plc (LSE: SMIN.L “Smiths” or the “Group”) today announced that ICU Medical has committed1 to acquire the Smiths Medical division in a transaction that is superior to the existing proposed sale of Smiths Medical to Trulli Bidco Limited. The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, the combined companies will be a leading infusion therapy company with estimated pro forma combined revenues of approximately $2.5 billion.

Key Points: 
  • The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products.
  • Under the terms of the agreement, Smiths will receive at closing 2.5 million newly issued shares of ICU Medical common stock, currently valued at approximately $500 million, and $1.85 billion in cash along with ICU Medical assuming certain liabilities.
  • Smiths is also eligible to receive a contingent earn-out consideration of $100 million in cash, subject to stock price performance and other considerations.
  • The combination of these two businesses makes sense for the medical device marketplace and fits well with ICU Medicals existing business.