DAC

Primerica Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, February 13, 2024

Productivity, as measured by the number of policies issued per life-licensed reps per month, increased from an adjusted 0.20 policies in the fourth quarter of 2022 to 0.21 policies in the fourth quarter of 2023.

Key Points: 
  • Productivity, as measured by the number of policies issued per life-licensed reps per month, increased from an adjusted 0.20 policies in the fourth quarter of 2022 to 0.21 policies in the fourth quarter of 2023.
  • The fourth quarter results reflect lower sales from a less tenured agent mix.
  • During the fourth quarter of 2023, the segment recorded an adjusted operating pre-tax loss of $5.4 million compared to an adjusted operating pre-tax loss of $8.8 million in the fourth quarter of 2022.
  • The effective tax rate was 22.9% in the fourth quarter of 2023 compared to 21.4% in the prior year period.

Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook

Retrieved on: 
Monday, February 12, 2024

The company does not undertake to update these statements, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate.

Key Points: 
  • The company does not undertake to update these statements, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate.
  • Future events and their effects on the company may not be those anticipated, and actual results may differ materially from the results anticipated in these forward-looking statements.
  • However, it is possible these adjusting items have occurred in the past and could recur in future reporting periods.
  • The company’s financial supplement and slide presentation is currently available at investors.principal.com , and may be referred to during the call.

Fujitsu Earns Top Rating from CDP in Climate Change Category

Retrieved on: 
Wednesday, February 7, 2024

TOKYO, Feb 7, 2024 - (JCN Newswire) - Fujitsu Limited today announced that the Fujitsu Group has been selected for the CDP's A List for climate change for the seventh year in a row, earning the highest rating in the CDP's evaluation of corporate activities in response to climate change.

Key Points: 
  • TOKYO, Feb 7, 2024 - (JCN Newswire) - Fujitsu Limited today announced that the Fujitsu Group has been selected for the CDP's A List for climate change for the seventh year in a row, earning the highest rating in the CDP's evaluation of corporate activities in response to climate change.
  • The survey evaluates companies' outstanding efforts to demonstrate leadership in disclosing information, identifying and managing risks, addressing challenges, as well as setting ambitious and significant goals.
  • In 2017, The Fujitsu Group laid out its medium- to long-term environmental vision, the Fujitsu Climate and Energy Vision, setting its goal to achieve zero carbon emissions by 2050.
  • Utilizing AI and other advanced digital technologies to support innovation, Fujitsu is working to mitigate and adapt to the impacts of climate change through its business operations.

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.

Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects

Retrieved on: 
Tuesday, February 6, 2024

SAN JOSE, Calif., Feb. 6, 2024 /PRNewswire/ -- (TSXV: SEV) (OTCQB: SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, and Volex plc ("Volex"), a global leader in high-speed data center interconnect products, announce that they successfully demonstrated industry leading performance of 800G Active Copper Cables (ACCs) at this year's annual DesignCon Conference Exhibition held last week in Santa Clara, California.

Key Points: 
  • "New network architectures and increased server speeds are causing the market for connectivity inside the data center to embrace active solutions," said Alan Weckel, Founder and Technology Analyst with 650 Group.
  • "By 2026, we expect over 70% of the Cloud server market to be active copper.
  • Active copper cables also help support the US$22B, and growing, Ethernet market in the data center, which is critical for the future growth of Cloud and AI/ML applications."
  • 1
    "We are proud to have Volex as a partner for 800G interconnects using our GaugeChanger™ integrated chips," said Spectra7 CEO Raouf Halim.

Direct Air Capture Market worth $1,727 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 6, 2024

Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.

Key Points: 
  • Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.
  • This report segments the Direct Air Capture Market based on application into two segments: Carbon capture, and storage and Carbon capture, utilization, and storage.
  • Europe is expected to be the second largest Direct Air Capture Market during the forecast period.
  • The Direct Air Capture Market in Europe is primarily fueled by the significant supportive policies and ambitious climate goals.

Direct Air Capture Market worth $1,727 million by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 6, 2024

Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.

Key Points: 
  • Based on technology, the Direct Air Capture Market has been split into solid-DAC (S-DAC), liquid-DAC, electrochemical-DAC and others.
  • This report segments the Direct Air Capture Market based on application into two segments: Carbon capture, and storage and Carbon capture, utilization, and storage.
  • Europe is expected to be the second largest Direct Air Capture Market during the forecast period.
  • The Direct Air Capture Market in Europe is primarily fueled by the significant supportive policies and ambitious climate goals.

Black & Veatch’s IgniteX Carbon Dioxide Removal Accelerator Accepting Applications from Innovators

Retrieved on: 
Tuesday, January 30, 2024

Applicants will vie for the opportunity to participate in Black & Veatch’s IgniteX Carbon Dioxide Removal (CDR) Accelerator, a largely virtual, 12-week program in which selected participants partner with Black & Veatch thought leaders and subject matter experts to co-develop, pilot and market their new technology.

Key Points: 
  • Applicants will vie for the opportunity to participate in Black & Veatch’s IgniteX Carbon Dioxide Removal (CDR) Accelerator, a largely virtual, 12-week program in which selected participants partner with Black & Veatch thought leaders and subject matter experts to co-develop, pilot and market their new technology.
  • Along the way they receive mentorship, access to the company’s vast industry network, product testing opportunities, pitch development coaching and investor introductions.
  • Black & Veatch also is teaming up with RTI International – a leading independent research institute – to provide technical and commercialization support to IgniteX program participants.
  • This year’s IgniteX program is looking for innovations that span the critical elements across the entire end-to-end carbon dioxide removal lifecycle in:

Global Thermostat commissions first containerized T-Series system for multi-tonne Direct Air Capture of carbon dioxide

Retrieved on: 
Thursday, February 1, 2024

COMMERCE CITY, Colo., Feb. 1, 2024 /PRNewswire/ -- Global Thermostat today announced it has commissioned the first containerized T-Series system for Direct Air Capture of carbon dioxide, which is designed to remove from tonnes to tens of tonnes per year from the atmosphere and aimed at smaller commercial and pilot applications.

Key Points: 
  • "Many companies are seeking a rapidly deployable, low-footprint, climate-friendly way of obtaining the carbon dioxide they need," said Paul Nahi, CEO of Global Thermostat.
  • "Others are interested in piloting a smaller scale Direct Air Capture solution as they plan higher volume deployments in the future," Nahi added.
  • It can be used in combination with underground storage or mineralization to permanently remove past carbon dioxide emissions.
  • Global Thermostat's patented Direct Air Capture solution consists of high-efficiency fans that pull air through ultra-high surface area contactors where the surface geometry and embedded solid sorbent have been custom-designed to optimize the capture of CO2.

Marvell Extends Connectivity Leadership for Accelerated Infrastructure with 200G/Lane Partner Demonstrations at DesignCon

Retrieved on: 
Wednesday, January 31, 2024

SANTA CLARA, Calif., Jan. 31, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, and leading cabling and system partners Amphenol, Keysight Technologies, Molex and TE Connectivity (TE) this week are demonstrating copper interconnects powered by Marvell® 224G long-reach (LR) DSP SerDes operating at 200 Gbps per lane or faster, a critical milestone in the race to scale accelerated infrastructure for AI and cloud workloads.

Key Points: 
  • The demonstrations are taking place during DesignCon at the Santa Clara Convention Center January 30 through February 1, 2024 in Santa Clara, California.
  • Electrical copper cables are used for short reach (0-5m) server to top-of-rack switch connectivity and for certain cloud-optimized intra-rack interconnects in data centers.
  • Marvell 200G/lane LR DSP SerDes will also extend copper connectivity bandwidth and enable 1.6T Active Electrical Cables (AECs).
  • In April 2023 , Marvell unveiled a portfolio of connectivity technologies, including long-reach SerDes, produced on 3nm processes, an industry first.