VSF

Virtual Society Foundation Launches to Create a Decentralized Open Metaverse Network

Retrieved on: 
Thursday, March 28, 2024
Morpheus, L1, SIG, Somnia, TWICE, VSF, SoftBank Group, MLB, Creativity, Ecosystem, Improbable, K-pop, Major League Baseball, CMT, Cryptocurrency

The foundation's mission aligns closely with the vision of Improbable and MSquared, aiming to realize an open, community-driven network of metaverses.

Key Points: 
  • The foundation's mission aligns closely with the vision of Improbable and MSquared, aiming to realize an open, community-driven network of metaverses.
  • Envisioning a future where a vibrant creator economy flourishes, the Virtual Society Foundation is building toward an open and interconnected metaverse ecosystem where the creator economy can thrive.
  • In pursuit of its mission, the Foundation is committed to:
    Researching and developing blockchain technology and protocols conducive to an open, interoperable network of metaverses.
  • Morpheus has facilitated high-density social interactions in virtual spaces and helps major brands create deeply immersive and interactive metaverse experiences.

Sappi Delivers Solid Results in Difficult Economic Climate

Retrieved on: 
Wednesday, February 7, 2024
Packaging, Environment, Forest Products, Manufacturing, Sustainability, Natural Resources, Textiles, Pressure, Sappi, Forestry, Risk, VSF, Ngodwana

We achieved significant year-on-year cost savings across all regions to mitigate some of the impact of lower sales.

Key Points: 
  • We achieved significant year-on-year cost savings across all regions to mitigate some of the impact of lower sales.
  • Demand for dissolving pulp (DP) was robust, buoyed by high downstream viscose staple fibre (VSF) operating rates in China.
  • Within the context of tough market conditions, the North American business delivered another solid set of results, notwithstanding the scheduled maintenance shutdown at the Cloquet Mill.
  • Full details are available at www.sappi.com using the links Investors; Latest financial results

Sappi announces satisfactory earnings and declares dividend; releases financial results for fourth quarter and full year

Retrieved on: 
Thursday, November 9, 2023
Packaging, Environment, Forest Products, Manufacturing, Sustainability, Natural Resources, Textiles, DP, EBITDA, Sappi, Maintenance, VSF, Growth, Industrial market segmentation, Risk, Ngodwana, Record, Safety, COVID-19, Recycling, Retail, Renewable energy, Bank, Pulp (paper), Cryptocurrency, Marketing

The packaging and speciality papers segment faced similar weak trading conditions related to high levels of downstream inventory and muted consumer demand.

Key Points: 
  • The packaging and speciality papers segment faced similar weak trading conditions related to high levels of downstream inventory and muted consumer demand.
  • However, viscose staple fibre (VSF) operating rates in China improved steadily as economic activity resumed from the third quarter onwards.
  • We remain encouraged by the increasing resilience of our business and opportunities for growth in our packaging and pulp segments.
  • Full details are available at www.sappi.com using the links Investors; Latest financial results

Sony Electronics Continues to Enhance its Networked Live Offering for Remote and Distributed Production with New Products and Capabilities

Retrieved on: 
Thursday, September 14, 2023
Cloud, CBK, International Broadcasting Convention, POC, IBC, SDR, LAN, SDI, Virtuoso, Electronics, IP, HEVC, TS, UDC, GUI, VPC, VSF, Switcher, Ecosystem, WAN, Los Alamos National Laboratory, Virtual private cloud, ICP, Environment, JPEG, JPEG XS, Economics, Software, Video game, Sony

PARAMUS, N.J., Sept. 14, 2023 /PRNewswire/ -- Sony Electronics is enhancing its Networked Live offering with two new products: a remote production unit, CBK-RPU7, for high-quality video transport over 5Gi networks and a software switcher, M2L-X, to be used in on-premises and cloud environments. In addition, Sony is providing updates to existing products in its Networked Live portfolio. These enhancements support Sony's vision of combining on-premises and cloud processing with network connectivity to transform the logistics and economics of high-quality live production.

Key Points: 
  • In addition, Sony is providing updates to existing products in its Networked Live portfolio.
  • These enhancements support Sony's vision of combining on-premises and cloud processing with network connectivity to transform the logistics and economics of high-quality live production.
  • It is based on three main functional pillars: network and resource orchestration; media transport; and hybrid processing and operations.
  • It was also involved in a recent proof-of-concept (PoC) to demonstrate dynamic prioritization of live media signals over 5G.

Sappi announces results for the third financial quarter 2023

Retrieved on: 
Thursday, August 3, 2023
Packaging, Environment, Forest Products, Manufacturing, Natural Resources, Textiles, Pressure, Somerset, Maintenance, Bleached Chemi-ThermoMechanical Pulp, Weakness, Share repurchase, EBITDA, BHK, DP, Verve, VSF, Paper, Growth, Sappi, Renminbi, Ngodwana, Pulp (paper), Retail, Cryptocurrency

Sappi delivered an EBITDA excluding special items of US$106 million against a backdrop of a challenging global economy and significantly weaker paper and pulp markets.

Key Points: 
  • Sappi delivered an EBITDA excluding special items of US$106 million against a backdrop of a challenging global economy and significantly weaker paper and pulp markets.
  • Net debt decreased by US$49 million from the prior quarter to US$1,176 million.
  • Continued weakness in graphic paper markets during the quarter was driven primarily by the destocking cycle and negative consumer sentiment.
  • Full details are available at www.sappi.com using the links Investors; Latest financial results

Sappi announces results for the second financial quarter 2023

Retrieved on: 
Thursday, May 11, 2023
Packaging, Other Manufacturing, Manufacturing, Maintenance, COVID-19, Sale, EBITDA, DP, VSF, Paper, Growth, Sappi, Relaxation, Lunar New Year Fair, Ngodwana, Cryptocurrency, Bank, Warehouse, Retail

However, paper selling prices remained relatively stable through the quarter and were significantly above the levels in the prior year.

Key Points: 
  • However, paper selling prices remained relatively stable through the quarter and were significantly above the levels in the prior year.
  • Sappi delivered an EBITDA excluding special items of US$167 million against a backdrop of a challenging global economy and significantly weaker paper and pulp markets.
  • Net debt decreased by US$568 million compared to the prior year and ended the quarter at US$1,225 million.
  • Full details are available at www.sappi.com using the links Investors; Latest financial results

Experience the Future of Video Processing with intoPIX and Imagine Communications at the 2023 NAB Show

Retrieved on: 
Friday, April 14, 2023
Technology, Entertainment, Other Technology, Audio, Video, Software, Other Entertainment, Networks, Internet, Data Management, Business development, XS, Workflow, SDI, Business, Imagine Communications, IP, SMPTE, SNP, VSF, JPEG, SMPTE 2110, JPEG XS, Computer data storage

intoPIX and Imagine Communications unveil the latest release of Imagine’s Selenio™ Network Processor (SNP) with support for TicoXS FPGA IP-cores at NAB2023 .

Key Points: 
  • intoPIX and Imagine Communications unveil the latest release of Imagine’s Selenio™ Network Processor (SNP) with support for TicoXS FPGA IP-cores at NAB2023 .
  • This unique integration simplifies superior-quality, high-speed connectivity for remote production workflows and ground-to-cloud links with minimal latency.
  • intoPIX's innovative video compression solutions create bandwidth efficiency straight from the cameras throughout your entire workflow via IP networks.
  • “IntoPIX is the industry leader in JPEG XS technology, and by integrating their technology into our solution, we know it will achieve excellent picture quality and very high interoperability.”
    For more information, meet intoPIX (C6335) and Imagine Communications ( W2775 ) at NAB2023.

Sappi delivers solid performance for first financial quarter 2023

Retrieved on: 
Wednesday, February 8, 2023
Environment, Textiles, Packaging, Chemicals, Plastics, Manufacturing, Sustainability, Other Natural Resources, Forest Products, Natural Resources, DP, Somerset, VSF, Renminbi, EBITDA, Pressure, Relaxation, Sappi, Tourism, Retail, Warehouse, Renewable energy, Verve, COVID-19

EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter.

Key Points: 
  • EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter.
  • The second quarter will likely be the most challenging with a recovery in earnings expected later in the financial year.
  • The North American region delivered another strong performance with first quarter EBITDA of US$114 million.
  • The cash proceeds and receivables will be collected in the second and third quarter.

Sappi announces record earnings and resumes dividend payment; releases financial results for fourth quarter and full year

Retrieved on: 
Thursday, November 10, 2022
Other Manufacturing, Environment, Textiles, Packaging, Chemicals, Plastics, Sustainability, Manufacturing, Other Natural Resources, Forest Products, Natural Resources, Investment, Natural gas, SBS, PM2, Risk, Congestion, Social Problems, Board, Science, VSF, Uncertainty, Pressure, Transnet, Maintenance, African, Growth, Food, Renewable energy, Drug, Recycling, Bank, Retail, Fine chemical, Security (finance), Sappi, COVID-19, EBITDA

In addition, Sappi has resumed dividend payments, with a dividend of US 15 cents being declared.

Key Points: 
  • In addition, Sappi has resumed dividend payments, with a dividend of US 15 cents being declared.
  • The segment continued to grow and achieved record EBITDA of US$359 million compared to US$214 million in the prior year.
  • However, sales were constrained by available capacity and low levels of inventory in South Africa and North America where demand exceeded supply.
  • In addition, during October 2022 Sappi repurchased US$206 million of the aggregate principal amount of its 2026 bonds via a tender offer.

Sappi Delivers Record Earnings for the Third Financial Quarter 2022

Retrieved on: 
Thursday, August 4, 2022
Natural Resources, Other Manufacturing, Textiles, Packaging, Chemicals, Plastics, Other Natural Resources, Manufacturing, Forest Products, Risk, Social Problems, Growth, Investment, Achievement, DP, Congestion, EBITDA, VSF, Pressure, Sappi, Maintenance, Flood, Book, Bank, Oil, Retail, Recycling, Marketing, Risk management, Security (finance)

EBITDA improved to a record US$371 million, up from US$337 million in the prior quarter and US$145 million in the equivalent quarter a year ago.

Key Points: 
  • EBITDA improved to a record US$371 million, up from US$337 million in the prior quarter and US$145 million in the equivalent quarter a year ago.
  • Looking forward, Binnie stated: Notwithstanding inflationary cost pressures, we are anticipating another strong performance in the fourth quarter, with EBITDA below the record levels achieved in the third quarter.
  • Global logistical challenges continued unabated and posed headwinds for our export sales and raw material procurement in all regions.
  • Substantial energy, raw material and delivery cost inflation in the quarter was offset by selling price increases in the paper business.