GM

Dragonfly Energy Expands Market Share with RV Giant Forest River

Retrieved on: 
Tuesday, February 20, 2024

OGV Luxury Coach is the third Forest River, Inc. brand to include Battle Born Batteries as standard or optional equipment for customers.

Key Points: 
  • OGV Luxury Coach is the third Forest River, Inc. brand to include Battle Born Batteries as standard or optional equipment for customers.
  • This is the latest partnership in an ever-growing list of RV brands to implement Dragonfly Energy lithium batteries as standard equipment.
  • One of the world’s largest RV manufacturers, Forest River, Inc. produces market share leaders in virtually every type of motorized and towable recreational vehicle.
  • With an estimated 40-50% of the RV industry market share, the company has more than 100 plants and over 12,000 employees.

The Eclipse Foundation Showcases Successful Open Source Industry Collaborations for 2023; Looks Ahead to Additional Growth in 2024

Retrieved on: 
Tuesday, February 20, 2024

“While we’re thrilled with the growth of our industry collaborations in 2023, we’re always striving to exceed our own goals,” said Mike Milinkovich, executive director of the Eclipse Foundation.

Key Points: 
  • “While we’re thrilled with the growth of our industry collaborations in 2023, we’re always striving to exceed our own goals,” said Mike Milinkovich, executive director of the Eclipse Foundation.
  • Branding and marketing: The foundation develops and implements strategies to establish and promote distinctive identities for our open source projects and industry collaborations.
  • Specification development: The Eclipse Foundation helps our industry collaborations significantly reduce costs and streamline the effort to develop industry consensus specifications using the Eclipse Foundation Specification Process.
  • Get started collaborating at the Eclipse Foundation by joining an existing community or bringing your industry-changing collaboration to the foundation.

GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing

Retrieved on: 
Monday, February 19, 2024

MALTA, N.Y. and ESSEX JUNCTION, Vt., Feb. 19, 2024 (GLOBE NEWSWIRE) -- The U.S. Department of Commerce today announced $1.5 billion in planned direct funding for GlobalFoundries (Nasdaq: GFS) (GF) as part of the U.S. CHIPS and Science Act. This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.

Key Points: 
  • This investment will enable GF to expand and create new manufacturing capacity and capabilities to securely produce more essential chips for automotive, IoT, aerospace, defense, and other vital markets.
  • GF is the first semiconductor pure play foundry to receive a major award (over $1.5 billion) from the CHIPS and Science Act, designed to strengthen American semiconductor manufacturing, supply chains and national security.
  • “When I wrote the CHIPS & Science Law, I made sure there was funding especially for the feature-rich, legacy chips that GlobalFoundries produces in Malta and that are essential for America’s auto industry and national defense.
  • “The CHIPS Act funding will help encourage innovation and expansion of this vital sector in our state and across the country.

Infinicept Partners with Parachute Advisory to Amplify Success of Embedded Payments

Retrieved on: 
Monday, February 19, 2024

DENVER, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Infinicept, a leading provider of embedded payments, and Parachute Advisory , a consulting firm specializing in payments solutions, today announced a partnership designed to amplify success for software companies adding embedded payments through Infinicept’s Launchpay service.

Key Points: 
  • DENVER, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Infinicept, a leading provider of embedded payments, and Parachute Advisory , a consulting firm specializing in payments solutions, today announced a partnership designed to amplify success for software companies adding embedded payments through Infinicept’s Launchpay service.
  • Parachute Advisory will work with Infinicept to support customers’ specific consulting needs and together the companies will help joint customers go-to-market faster.
  • “Parachute Advisory offers valuable consulting services to companies looking to get up and running quickly with our industry-leading Payfac-as-a-Service offering,” said Scott Agatep, Infinicept COO and GM of Launchpay.
  • Under the partnership, Parachute Advisory will work with customers to provide additional go-to-market support for Infinicept’s Launchpay customers.

South Central Rural Telecommunications Cooperative uses Adtran’s ALM to rapidly detect fiber faults

Retrieved on: 
Thursday, March 7, 2024

Adtran today announced that South Central Rural Telecommunications Cooperative (SCRTC) is using its ALM in-service fiber monitoring solution to continuously probe its fiber network for faults and degradations.

Key Points: 
  • Adtran today announced that South Central Rural Telecommunications Cooperative (SCRTC) is using its ALM in-service fiber monitoring solution to continuously probe its fiber network for faults and degradations.
  • The comprehensive assurance platform empowers SCRTC to locate and resolve issues before they impact services for its customers across South Central Kentucky.
  • To enhance scalability, SCRTC has implemented Adtran’s ALM 96-port expansion unit at three of its hub sites.
  • This enables efficient monitoring of up to 110 fiber links from a single hub location, significantly enhancing SCRTC’s capability to proactively detect and address faults.

Identiv Launches bitse.io 3.0 IoT Connecting Cloud with Advanced Supply Chain and Brand Protection Features

Retrieved on: 
Thursday, March 7, 2024

The updated platform offers advanced features designed to transform applications in supply chain management, brand protection, and customer engagement.

Key Points: 
  • The updated platform offers advanced features designed to transform applications in supply chain management, brand protection, and customer engagement.
  • bitse.io simplifies the deployment of innovative IoT applications, enabling customers to rapidly bring solutions with the latest radio-frequency identification (RFID) and IoT technologies to market.
  • The new Supply Chain Insights feature provides comprehensive analytics by integrating with enterprise systems like ERP, EPCIS, and CRM.
  • "The latest iteration of bitse.io represents a significant leap forward in our mission to empower businesses with innovative IoT solutions," said Amir Khoshniyati, VP and GM, Identiv IoT.

Savara Reports Fourth Quarter/Year-End 2023 Financial Results and Provides Business Update

Retrieved on: 
Thursday, March 7, 2024

Savara Inc. (Nasdaq: SVRA) (the Company), a clinical stage biopharmaceutical company focused on rare respiratory diseases, reported financial results for the fourth quarter and full year ending December 31, 2023 and provided a business update.

Key Points: 
  • Savara Inc. (Nasdaq: SVRA) (the Company), a clinical stage biopharmaceutical company focused on rare respiratory diseases, reported financial results for the fourth quarter and full year ending December 31, 2023 and provided a business update.
  • Research and development expenses for the fourth quarter of 2023 and 2022 were $12.7 million and $7.6 million, respectively.
  • General and administrative expenses for the fourth quarter of 2023 and 2022 were $4.9 million and $3.2 million, respectively.
  • As of December 31, 2023, the Company had cash, cash equivalents and short-term investments of $162.3 million.

National Association of Manufacturers Names FourKites Executive Dan Abramson to Board of Directors

Retrieved on: 
Thursday, March 7, 2024

Leading real-time supply chain visibility provider FourKites ® today announced the appointment of Dan Abramson, Senior Vice President and Head of Sales, to the Board of Directors of the National Association of Manufacturers (NAM).

Key Points: 
  • Leading real-time supply chain visibility provider FourKites ® today announced the appointment of Dan Abramson, Senior Vice President and Head of Sales, to the Board of Directors of the National Association of Manufacturers (NAM).
  • Founded in 1895, the NAM, guided by its Board of Directors, is the largest industrial trade association in the United States.
  • NAM selected FourKites to join its board because of the company’s transformational impact on the manufacturing industry's supply chain operations.
  • “This board appointment is an exciting opportunity for FourKites to elevate the importance of data and digital transformation across US manufacturing.

ServiceNow named a Leader in Third-Party Risk Management Platforms by Independent Research Firm

Retrieved on: 
Wednesday, March 6, 2024

ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, has been named a Leader in the Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024.

Key Points: 
  • ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, has been named a Leader in the Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024.
  • This rating recognizes the ServiceNow Third-Party Risk Management solution and comes on the heels of ServiceNow’s recent Now Platform Vancouver release, which included automated inherent risk questionnaires and out-of-the box due-diligence workflows added to the solution to offer a more holistic, streamlined approach to risk management.
  • “With ServiceNow’s Third-Party Risk Management solution, organizations can effectively manage and mitigate risks typically associated with third-party engagements, such as cybersecurity, compliance, financial, environmental, or reputational.
  • Our comprehensive, intelligent solution enables customers to establish a consistent, repeatable, and auditable enterprise-wide approach for a real-time view of the organization’s third-party risk posture.”
    ServiceNow’s Third-Party Risk Management solution helps organizations optimize the third-party risk assessment process with risk intelligence and insights, combined with ServiceNow’s industry-recognized risk management capabilities built into the Now platform.

EVgo Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024

EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”) today announced results for the fourth quarter and full year ended December 31, 2023.
  • Revenue reached $50.0 million in the fourth quarter of 2023, compared to $27.3 million in the fourth quarter of 2022, representing 83% year-over-year growth.
  • Network throughput increased to 50 GWh in the fourth quarter of 2023, compared to 14 GWh in the fourth quarter of 2022, representing 257% year-over-year growth.
  • EVgo Autocharge+: Autocharge+ was approximately 17% of total charging sessions initiated in the fourth quarter and Autocharge+ charging sessions in the fourth quarter increased 191% compared to the fourth quarter of 2022.