EAC

ES&S Supports Federal Requirements for Independent Security and Penetration Testing of U.S. Voting Systems

Retrieved on: 
Tuesday, May 16, 2023
Senate, Dan Sullivan (U.S. senator), System, ES&S, EAC, Certification, ES, Congress, Sens, Election Systems & Software, Financial adviser, Software

Omaha, NE, May 16, 2023 (GLOBE NEWSWIRE) -- Election Systems and Software (ES&S) strongly supports fortifying the nation’s election infrastructure cybersecurity and improving voter confidence by requiring security and penetration testing as part of voting machine certification.

Key Points: 
  • Omaha, NE, May 16, 2023 (GLOBE NEWSWIRE) -- Election Systems and Software (ES&S) strongly supports fortifying the nation’s election infrastructure cybersecurity and improving voter confidence by requiring security and penetration testing as part of voting machine certification.
  • The Strengthening Election Cybersecurity to Uphold Respect for Elections through Independent Testing—or SECURE IT—Act was introduced by Sens.
  • It requires the U.S. Election Assistance Commission (EAC) to mandate that systems applying for certification undergo penetration testing.
  • “Programmatic testing performed by independent security experts helps ensure equipment stays ahead of threats, and it helps increase voter confidence in the overall security of elections.

Terran Orbital Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 15, 2023
Defense, Technology, Satellite, Aerospace, Manufacturing, Contracts, Capital expenditure, PIPE, GAAP, Research, EAC, EBITDA, Acquisition, Capital, LLAP, Entrepreneurship, Depreciation, Growth, Orbital Corporation, Hand, NYSE, Automation, Video game, Bank

Terran Orbital Corporation (NYSE: LLAP ) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three months ended March 31, 2023.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three months ended March 31, 2023.
  • First quarter revenue was positively impacted by an estimated $0.8 million of EAC adjustments on certain firm fixed price programs during the first quarter of 2023.
  • Cost of sales for the first quarter of 2023 was $29.6 million compared to $16.0 million in the same quarter in 2022.
  • Gross loss was $1.4 million in the first quarter of 2023, compared to $2.8 million in the same quarter in 2022.

Peace in the DRC: East Africa has deployed troops to combat M23 rebels – who's who in the regional force

Retrieved on: 
Friday, April 28, 2023
People, Rape, Islamic State, Defense, Charter, DRC, M23, Justice, National Congress, International, International court, Woman, History, Government, EAC, Kinshasa, Democratic republic, Investment, Time, Population, Risk, UN, International law, Allied Democratic Forces, Mining, Coffee, Arms industry, Property management, Entertainment, Hunting, Gum arabic, Angolan, Burundian

The last contingent was of South Sudanese soldiers who joined troops from Kenya, Burundi and Uganda.

Key Points: 
  • The last contingent was of South Sudanese soldiers who joined troops from Kenya, Burundi and Uganda.
  • The M23 re-emerged in 2022, prompting the east African region to send in troops.
  • The EAC’s forces could be important in bringing the threat posed by the M23 under control, given the regional dimensions to this conflict.
  • Here is a short overview of the players in the regional force and their connections to the DRC.

Kenya

    • Kenya has relatively more economic resources than some other EAC members and a less complicated history with the DRC.
    • While Kenya has had troops in the country since 1999 as part of the UN peacekeeping operation, it has been less tangled in previous conflicts in the DRC.

Burundi

    • But a Burundian rights group has claimed that Burundi has been conducting secret operations against Burundian opposition groups within DRC for some time.
    • The group also expressed concern that Burundi may use its membership of the regional force to continue operations against its opponents.

Uganda

    • Despite their common foe, Uganda and DRC have a history of tension.
    • The court ordered Uganda to pay US$325 million for its illegal occupation.
    • Uganda made its first payment of US$65 million in September 2022.

South Sudan

    • South Sudan is the most recent EAC member state to deploy troops to the DRC after some initial logistical delays.
    • Despite South Sudan president Salva Kiir’s instruction that his troops not “go and rape women and girls”, their presence within the crowded theatre could increase the risk of human rights abuses.

Risky, but necessary?

    • Monusco has struggled to mitigate the M23 or the numerous other rebel groups operating in the eastern region.
    • One advantage for the EAC is that it’s leading both the political and military responses to the M23, which were previously led by different actors.
    • The M23 threat requires both a political and military response, and ensuring these two prongs remain closely integrated is essential.

SC Johnson Certifies 10,000 Rwandan Community Health Workers in the Fight Against Malaria

Retrieved on: 
Tuesday, April 25, 2023
Olive, Science, Family medicine, Poverty, HIV/AIDS, Partnership, University, Life, SC, Mosquito-borne disease, Society for Family Health Nigeria, Chantal, Woman, Community, EAC, Certification, UNITAID, Death, Molecular biology, Community health, S. C. Johnson & Son, Community health worker, Non-governmental organization, Nursing, MOU, Child, Reading, East African Community, Bill, Knowledge, Diagnosis, Growth, Notre Dame, Family, Caregiver, Female, Pharmaceutical industry, Vaccine, Society, Health, Malaria

RACINE, Wis., April 25, 2023 /PRNewswire/ -- Malaria is the seventh leading cause of death in Rwanda*, and an unexpected frontline of defense has emerged working to protect families and communities – it's tens of thousands of local community members, oftentimes the majority being women. The work these caregivers take on has a dramatic impact on their communities, but often at the expense of their own economic growth. As they spend days, weeks and months caring for their communities, it becomes nearly impossible to secure consistent work to support their families.

Key Points: 
  • Today, on World Malaria Day, SC Johnson, alongside Raid® and Society for Family Health Rwanda, celebrates the official certification of 10,000 Community Health Workers through Certified Care to help in the fight to eradicate malaria in Rwanda and provide them with official, paying positions.
  • Currently, Community Health Workers treat 55% of all malaria cases in Rwanda.
  • She has been a Community Health Worker for 15 years and believes Community Health Workers are the first line of defense against maternal and newborn deaths in Rwanda.
  • As she got older, she started noticing how important the Community Health Workers in her community were and became inspired by them.

Unique Logistics International Reports Fiscal Third Quarter Financial Results

Retrieved on: 
Thursday, April 20, 2023
EAC, Growth, EBITDA, Acquisition, Security (finance), Retail, Edifi

NEW YORK, April 20, 2023 /PRNewswire/ -- Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, today announced results for its third fiscal quarter ended February 28, 2023. This is the reporting quarter in which the Company completed critical acquisitions. The acquisitions closed on February 21, 2023 and thus there was no discernable impact on revenue or net income in the third quarter.

Key Points: 
  • For the year to date, Net Income was $7.3 million compared with $1.6 million for the equivalent prior year period.
  • Working capital deficit of $9.7 million is primarily the result of our use of short-term financing to fund the acquisitions.
  • "The most significant event of the third quarter was the critical closing of the acquisitions we have targeted for so long.
  • "Third quarter reflects market slowdown due to seasonal factors as well as excess inventory following the post-Covid build up.

East Africa’s peace mission in the DRC: why it’s in Burundi’s interest to help

Retrieved on: 
Monday, April 17, 2023
M23, Bukavu, Mouvement démocratique de la rénovation malgache, Great Lakes region, Politics, African, Intelligence, Language, Government, EAC, Congolese, Banyamulenge, Gold, Democratic republic, Population, Refugee, Map, Genocide, City, Cobalt, Arms industry, Tourism, Coffee, Mining, DRC

It has been described as one of the most porous borders in Africa’s Great Lakes region.

Key Points: 
  • It has been described as one of the most porous borders in Africa’s Great Lakes region.
  • This makes it particularly vulnerable to the spillover effects of conflict from one country into the other.
  • Burundi currently hosts around 86,857 refugees from the DRC, a large number given Burundi’s population size of around 12.6 million.
  • Tanzania, the remaining East African Community member, had already provided its troops under the UN’s peace mission in the DRC.
  • It is one of the most important reasons Burundi is involved in supporting the peace process in the DRC.

Pursuit of rebels

    • These armed groups have conducted incursions into Burundi from the DRC, increasing the level of insecurity.
    • In its latest report the Burundian Human Rights Initiative says the government has secretly been deploying hundreds of soldiers and armed ruling party youths to pursue rebels in the eastern DRC since 2021.

Trade links

    • This trade involves both legal and illegal exchange of strategic minerals such as gold, coltan, cobalt and cassiterite.
    • This project is set to increase the volume of trade between the three countries.
    • In addition, the proximity of cities like Bujumbura (Burundi), Kigoma (Tanzania) and Bukavu and Uvira (DRC) has the potential to create an important triangular trade hub.

Regional politics

    • But there is also some regional history to it.
    • Since the 1990s, Africa’s Great Lakes Region has become a theatre for some of the bloodiest conflicts on the continent.
    • Developing such political ties offer advantages linked to having an upper hand over the security situation and benefit from arising business opportunities.

Colonial heritage

    • The two still share a lot from the colonial era when they were both under Belgian colonial authority.
    • These factors play a role in developing bilateral agreements and in building trust between the two countries.
    • The Angolan, agreement signed 23 November 2022, provided for the withdrawal of the M23 rebels from all the occupied areas of eastern DRC by 15 January 2023.

ProPhase Labs Announces Record Financial Results for the year ended December 31, 2022

Retrieved on: 
Tuesday, March 28, 2023
HRSA, Insurance, Nebula, LDT, Food, Omicron, Mayo Clinic, CPT, LB-1, Dana–Farber Cancer Institute, Stanford University, Internet, Genomics, COVID-19, University, Cancer, Diagnosis, Wall Street, Research, Absorption, COVID-19 testing, Sale, EAC, Public expenditure, Dementia, Nebula Genomics, EBITDA, RUO, Collection, Corporation, Medicine, Growth, Prophase, Hospital Insurance and Diagnostic Services Act, LB-2, Inflammation, Cryptocurrency, Pharmaceutical industry, Antibiotics

Garden City, NY, March 28, 2023 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), a growth oriented and diversified diagnostics, genomics and biotech company, today reported its financial and operational results for the year ended December 31, 2022.

Key Points: 
  • Financial highlights for the full year ended December 31, 2022, include the following:
    Net revenue of $122.6 million for the year ended December 31, 2022, as compared to $79.0 million for the year ended December 31, 2021, an increase of approximately 55%.
  • Adjusted EBITDA of $38.6 million for the year ended December 31, 2022, as compared to adjusted EBITDA of $18.1 million for the year ended December 31, 2021.
  • For the year ended December 31, 2022, our overall gross margin was 57.6% as compared to 53.1% for the year ended December 31, 2021.
  • Research and development costs for the year ended December 31, 2022 were $0.7 million as compared to $0.5 million for the year ended December 31, 2021.

Terran Orbital Reports Full Year 2022 Financial Results and Another Year of Record Revenues

Retrieved on: 
Tuesday, March 21, 2023
Defense, Technology, Satellite, Aerospace, Manufacturing, Other Defense, Insurance, Capital expenditure, SDA, Human, Marketing, PIPE, Tranche, Space Development Agency, Transport layer, GAAP, Research, Lockheed, Accounting, EAC, NYSE, EBITDA, LEO, Capital, LLAP, Entrepreneurship, Depreciation, Hand, Lockheed Martin, Orbital Corporation, Communications satellite, Video game, Pharmaceutical industry, Bank, Security (finance), Rivada Networks

2022 revenue performance was negatively impacted by an estimated $7.0 million of EAC adjustments on certain firm fixed price programs.

Key Points: 
  • 2022 revenue performance was negatively impacted by an estimated $7.0 million of EAC adjustments on certain firm fixed price programs.
  • Cost of sales included an estimated negative impact of $11.3 million due to EAC adjustments on certain programs during 2022.
  • As of December 31, 2022, Terran Orbital had $93.6 million of cash on hand and approximately $302.2 million in gross debt obligations.
  • The live webcast will be accessible on the Terran Orbital Investor Relations website at investors.terranorbital.com .

ProPhase Labs Announces New $6 Million Stock Repurchase Program

Retrieved on: 
Wednesday, March 15, 2023
EAC, LB-1, CLIA, Dana–Farber Cancer Institute, WGS, CPT, COVID-19 testing, Mayo Clinic, Genomics, Prophase, Nebula Genomics, Share repurchase, LDT, Insurance, COVID-19, Growth, Knowledge, Whole genome sequencing, OTC, Pharmaceutical industry, Security (finance)

Garden City, NY, March 15, 2023 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), a growth oriented and diversified diagnostics, genomics and biotech company, today announced that its Board of Directors has authorized a stock repurchase program of up to $6 million in ProPhase Labs’ common stock.

Key Points: 
  • Garden City, NY, March 15, 2023 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH), a growth oriented and diversified diagnostics, genomics and biotech company, today announced that its Board of Directors has authorized a stock repurchase program of up to $6 million in ProPhase Labs’ common stock.
  • During the past six months, between purchasing stock in the open stock market and retiring shares from stock option exercises, the Company retired a total of 1.2 million shares of common stock.
  • The Board of Directors of the Company will re-evaluate the program from time to time and may authorize adjustments to its terms.
  • The Company expects to utilize its existing funds to fund repurchases under the repurchase program.

Cedar LNG Receives B.C. Environmental Approval and Signs Memorandum of Understanding with ARC Resources Ltd.

Retrieved on: 
Tuesday, March 14, 2023
Other Energy, Mining, Minerals, Environment, Oil, Gas, Sustainability, Natural Resources, Energy, Multimedia, EAC, TSX, Pembina Pipeline, BC Energy Step Code, Natural gas, NYSE, Haisla Nation, Nation, Engineering, MOU, Transport, Environmental impact assessment, PPL, PBA, Project, Electricity, Coastal GasLink Pipeline, Employment, Cedar, ESG, Coast, ARC, ARC Resources, BC Hydro, LNG

Environmental Assessment Office, and has signed a Memorandum of Understanding ("MOU") with ARC Resources Ltd. ("ARC") for a long-term liquefaction services agreement.

Key Points: 
  • Environmental Assessment Office, and has signed a Memorandum of Understanding ("MOU") with ARC Resources Ltd. ("ARC") for a long-term liquefaction services agreement.
  • View the full release here: https://www.businesswire.com/news/home/20230314005935/en/
    Cedar LNG is a proposed floating liquified natural gas ("LNG") facility located on Haisla Nation-owned land in Kitimat, B.C.
  • Cedar LNG made several innovative design decisions to minimize the Project's environmental footprint and ensure it is one of the lowest-emitting LNG facilities in the world.
  • Cedar LNG has entered into an MOU for a 20-year liquefaction services agreement with ARC Resources.