ITS

Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock

Retrieved on: 
Friday, March 1, 2024
Professional Services, Business, Finance, Midnight, ACT, MAKE, Name, ITS, Expiration, Person, Share repurchase, Offer, LAWS, Security (finance), Trust, CNNE

The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.

Key Points: 
  • The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.
  • However, the Offer is subject to a number of other terms and conditions, which are described in detail in the Offer to Purchase.
  • The Offer Materials contain important information that holders are urged to read before any decision is made with respect to the Offer.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

Iveda and VinaFore, Authorized AI Solutions Provider to the Vietnamese Government, Partner for Multi-Million Dollar AI Security and Safety Solutions Mandated Across Vietnam

Retrieved on: 
Thursday, February 22, 2024
Public Transport, Other Transport, Technology, Construction & Property, Urban Planning, Transport, Telecommunications, Software, IOT (Internet of Things), Artificial Intelligence, IVDA, ITS, AI, API, Intelligence, POC, News, Smoke, Heel, Life, Safety, Rail transport by country, MOU, PCB, Partnership, Mobile phone

These projects are currently in the design phases and are anticipated to be multi-million-dollar undertakings for 2024 and over the course of the next several years.

Key Points: 
  • These projects are currently in the design phases and are anticipated to be multi-million-dollar undertakings for 2024 and over the course of the next several years.
  • “Last year was spent laying critical groundwork alongside VinaFore; now, 2024 is slated to be a year of massive growth and implementation for Iveda across Vietnam,” said David Ly, Iveda CEO and founder.
  • Iveda and VinaFore are currently working with the customer to actively train vumastAR’s customizable AI technology for a variety of automated inspection tasks.
  • At the event, Iveda will demonstrate the technology’s capabilities to thousands of major manufacturers throughout the greater Southeast Asian region.

Acer Reports February Consolidated Revenues at NT$16.12 Billion, Achieving Eight Months of Consecutive YoY Growth

Retrieved on: 
Thursday, March 7, 2024
Acer, Yoy, Computer, ITS, NT, Acer Inc., Chromebook

TAIPEI, March 7, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its February 2024 consolidated revenues at NT$16.12 billion with 9.8% growth year-on-year (YoY), achieving eight consecutive months of YoY growth.

Key Points: 
  • TAIPEI, March 7, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its February 2024 consolidated revenues at NT$16.12 billion with 9.8% growth year-on-year (YoY), achieving eight consecutive months of YoY growth.
  • Year-to-February revenues reached NT$31.35 billion with 10.7% growth YoY.
  • Some business highlights:
    Notebook business revenues grew 20.5% YoY in February; 11.4% YoY year-to-February
    Gaming business revenues grew 35.7% YoY in February; 14.7% YoY year-to-February
    Chromebooks business revenues grew 55.3% YoY in February; 50.2% YoY year-to-February
    Acer's strategy to expand multiple business engines continued to gain momentum.
  • Some highlights for businesses under incubation include:
    Altos Computing Inc., specializing in AI server and workstations, its revenues grew 27.0% YoY in February; 45.9% YoY year-to-February
    Acerpure Inc. revenues grew 33.8% YoY in February; 16.8% YoY year-to-February
    Acer ITS Inc. revenues grew 118.3% YoY in February; 58.4% YoY year-to-February

Citycon announces the results of its tender offer for the outstanding notes of Citycon Treasury B.V. due 2024

Retrieved on: 
Tuesday, March 5, 2024
ACT, Attention, Offer and acceptance, ITS, WAKE, Euronext Dublin, Surety, Person, Capital market, Euronext, Note, ANY, Settlement date, Offer, Telephone, EUR, NOT, Interest, Tender, AS, Security (finance)

HELSINKI, March 5, 2024 /PRNewswire/ -- On 27 February 2024, Citycon Treasury B.V. (the "Offeror") launched an invitation to holders of its EUR 310,342,000 2.50 per cent Guaranteed Notes due 2024 guaranteed by Citycon Oyj (the "Guarantor") (ISIN: XS1114434167) issued in separate tranches on 1 October 2014 and 10 June 2020 (the "Securities"), to tender any and all of their Securities for purchase by the Offeror for cash (the "Offer") on the terms and subject to the conditions set out in the tender offer memorandum dated 27 February 2024 (the "Tender Offer Memorandum") prepared by the Offeror, including the satisfaction (or waiver) of the Financing Condition, being the successful completion (in the sole determination of the Offeror) of the issue of the New Notes (as defined below). The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.On 28 February 2024, the Offeror priced its EUR 300 million 6.500 per cent. Senior Unsecured Green Notes due 2029 (the "New Notes"). The New Notes are unconditionally and irrevocably guaranteed by the Guarantor. Application will be made for the New Notes to be admitted to listing and trading on the Irish Stock Exchange plc trading as Euronext Dublin. The New Notes are expected to settle on 6 March 2024. The Offeror today announces that, subject to the satisfaction (or waiver) of the Financing Condition, it will accept for purchase EUR 213,253,000 in aggregate principal amount of Securities validly tendered pursuant to the Offer. The total purchase consideration (including Accrued Interest Payments) for Securities validly tendered and accepted for purchase pursuant to the Offer will be EUR 213,688,537.15, which will be funded using a portion of the net proceeds from the New Notes.

Key Points: 
  • The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.
  • Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
  • Full details concerning the Offer are set out in the Tender Offer Memorandum.
  • The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.

Huawei Launches Ten Industrial Digital and Intelligent Transformation Solutions, and a Series of New Flagship Products

Retrieved on: 
Wednesday, February 28, 2024
Cloud, Phase transition, Marketing, ITS, Perimeter security, Restaurant, HUAWEI, Growth, MWC, SME, Commercial, Physics, Experiential learning, MRP, IDS, Huawei, Languages of Ethiopia, Network equipment provider

BARCELONA, Spain, Feb. 28, 2024 /PRNewswire/ -- During the MWC Barcelona 2024, Huawei hosted the Huawei Industrial Digital and Intelligent Transformation Summit.

Key Points: 
  • BARCELONA, Spain, Feb. 28, 2024 /PRNewswire/ -- During the MWC Barcelona 2024, Huawei hosted the Huawei Industrial Digital and Intelligent Transformation Summit.
  • Huawei launched ten industrial digital and intelligent transformation solutions, and a series of new flagship products, to meet the needs of customers at different stages of industrial transformation.
  • Huawei will double our efforts to offer more intelligent digital infrastructure products and solutions that accelerate the intelligent transformation of industries.
  • As digital and intelligent transformation continues to progress, Huawei is dedicated to developing scenario-based, cutting-edge, green, and low-carbon products and solutions to meet customer needs."

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

Retrieved on: 
Tuesday, February 20, 2024
Engineering, HVAC, ITS, Air handler, Multimedia, Electronics, City, Carbon, Building, Wind, Safety, Private sector, SoftBank Group, Air conditioning, Ventilation, Variable refrigerant flow, Semiconductor, Carrier Global, Dahua Technology, Artificial intelligence, Intelligent transportation system, Partnership

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • Alat and Dahua Technology will invest US$200M to establish a secure and compliant global business for vision-centric products, called Alat AIVisio Technology Co. Ltd., and a state-of-the-art manufacturing facility in Saudi Arabia.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

Retrieved on: 
Tuesday, February 20, 2024
Engineering, HVAC, ITS, Air handler, Electronics, City, Carbon, Building, Wind, Safety, Private sector, SoftBank Group, Air conditioning, Ventilation, Variable refrigerant flow, Semiconductor, Carrier Global, Dahua Technology, Artificial intelligence, Intelligent transportation system, Partnership

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • The company will also empower the private sector and enhance the commercial environment through its business systems and partnerships with leading international technology manufacturers.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.

Global Intelligent Transportation Systems (ITS) Strategic Business Report 2024: Market to Reach $52.6 Billion by 2030 - Increasing Number of Mega Cities Favors Future Growth

Retrieved on: 
Monday, February 19, 2024
ITS, Business case, Growth, ATMS, Policy, Advanced Traffic Management System, Investment, Intelligent transportation system, Mobile phone

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems (ITS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems (ITS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Intelligent Transportation Systems (ITS) estimated at US$27.4 Billion in the year 2022, is projected to reach a revised size of US$52.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030.
  • Growth in the Advanced Traveler Information System (atis) segment is estimated at 7.1% CAGR for the next 8-year period.
  • The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 12.3% CAGR
    The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$10.7 Billion in the year 2022.

McNally Capital Announces Promotions of Six Team Members, Including Ravi Shah to Partner

Retrieved on: 
Wednesday, February 14, 2024
Technology, Other Defense, Finance, Banking, Other Technology, Aerospace, Professional Services, Manufacturing, Defense, Acquisition, ITS, Industrial technology, AMI, Accounting, Investment, Ward, Dedicated, Partnership, Culture, Growth, National security, Sale, Partner (business rank), Automation, Negotiation, Bank

McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.
  • Ravi joined McNally Capital in 2016 and focuses on leading the investment team across the National Security, Aerospace, and Industrial Technology & Automation industries.
  • “We are thrilled to congratulate Ravi on his well-deserved promotion to Partner,” said Ward McNally, Founder, Co-CEO, and Managing Partner of McNally Capital.
  • Mike and Ravi co-lead the execution of the firm’s National Security investment thesis in partnership with Nio Advisors, a McNally Capital industry partner.

Intelligent Transportation Systems Global Market Report 2024 - Market Poised to Reach $52.23 Billion by 2028

Retrieved on: 
Tuesday, February 13, 2024
Vix Technology, ITS, Artificial intelligence, Maas, Investment, Transport, Internet of things, Growth, ADAS, MyBus, Data analysis, Safety, Forecasting, Mobility, Intelligent transportation system, Partnership, Renewable energy

DUBLIN, Feb. 13, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 13, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
  • The latest market insights reveal that the Intelligent Transportation Systems (ITS) industry is on a robust upward trajectory, with anticipated growth from $35.52 billion in 2024 to $52.23 billion by 2028.
  • The report provides an exhaustive analysis of the global ITS market, including sectorial performance, regional market shares, and projections for future industry developments.
  • The Intelligent Transportation Systems market is advancing at an impressive pace, with technological innovations and strategic industry maneuvers contributing to the market's growth and diversification.