Formerly Used Defense Sites

EQS-News: ADM Energy PLC: Half-yearly Results

Retrieved on: 
Thursday, September 28, 2023
ADM, FPSO, Formerly Used Defense Sites, Midway-Sunset Oil Field, History, CLN, JV, Natural Resources, OFX, Acquisition, Investment, Nonformal learning, Blade, Chevron, Chevron Corporation, Environment, Risk management, Security (finance), Bank, Barracuda

In May 2023, ADM acquired Blade V from OFX Holdings LLC (Formerly TN Black Gold, LLC ("OFX") for a total maximum consideration of US$1,614,000.

Key Points: 
  • In May 2023, ADM acquired Blade V from OFX Holdings LLC (Formerly TN Black Gold, LLC ("OFX") for a total maximum consideration of US$1,614,000.
  • The Altoona Lease is a unique opportunity for ADM to benefit from substantial investment and de-risking of the target opportunities by a major company.
  • Stefan has extensive experience in the oil and gas sector, including as the co-founder of MX Oil plc, now ADM Energy.
  • These assets offer an exciting opportunity to add value, as well as diversifying the ADM portfolio.

ThirdEye announces $25M multi-year contract to deploy AI/MR Solutions

Retrieved on: 
Tuesday, August 15, 2023
Molina Healthcare, Formerly Used Defense Sites, Ecosystem, International, Health, UK, Artificiality, Medical device

As a part of this contract, ThirdEye will deploy AI/MR healthcare applications ranging from predictive analysis/early detection software, real-time telehealth platform, Surgical Overlay, EMS Protocols, digitization of assets, and associated hardware.

Key Points: 
  • As a part of this contract, ThirdEye will deploy AI/MR healthcare applications ranging from predictive analysis/early detection software, real-time telehealth platform, Surgical Overlay, EMS Protocols, digitization of assets, and associated hardware.
  • The company's innovative products and solutions in AI/MR, based on their work with the US and International customers, uniquely position it to deliver creative solutions.
  • The contract is not only a significant milestone for ThirdEye, but it also holds promising implications for progressing the utilization and adoption of AI/MR solutions in the medical field.
  • According to Nick Cherukuri, ThirdEye CEO, "ThirdEye was founded on the belief that AI/MR solutions could revolutionize our lives.

Coda Octopus Group Reports Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, June 14, 2023
Partnership, United States Navy, Defense, Person, SOF, Formerly Used Defense Sites, Tax, Special, Special forces, Dutch Navy Museum, US Navy decompression models and tables, Research, CODA, USSOCOM, United States biological defense program, Sponsor (commercial), Modularity, Development, Deep, Marine, Navy, SWOD, Special Labor Inspector, Growth, YTD, NLA, Welding, Fine chemical, Cryptocurrency, Tourism, Personal protective equipment, Security (finance), Renewable energy, Health care, Mobile phone

ORLANDO, FL, June 14, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, today reported its unaudited financial results for its fiscal second quarter ended April 30, 2023 (SQ2023) and the six months then ended (YTD 2023).

Key Points: 
  • ORLANDO, FL, June 14, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, today reported its unaudited financial results for its fiscal second quarter ended April 30, 2023 (SQ2023) and the six months then ended (YTD 2023).
  • Second Quarter 2023 Operational Summary:
    CODA continues to believe that its most promising pillars of growth are its Echoscope® and Echoscope PIPE® products, as well as its Diver Augmented Vision Display (DAVD) systems.
  • Completion of successful second phase trials of the DAVD tethered solution with a major tier-one European offshore service provider.
  • A replay of the call will be available after 2:00 p.m. Eastern time on the same day through June 28, 2023.

Fairbanks Morse Defense Celebrates Opening of 45,000-Square-Foot Training and Service Center Campus in Chesapeake, Va.

Retrieved on: 
Thursday, May 18, 2023
Engineering, Homeland Security, Aerospace, Manufacturing, Military, Public Policy, Government, Veterans, Commercial Building & Real Estate, Maritime, Construction & Property, Defense, Transport, Contracts, Government Technology, US Coast Guard and Geodetic Survey Seismological and Geomagnetic House, OPC, United States Navy, Shoulder, Formerly Used Defense Sites, FMD, Employment Development Department, People's Liberation Army Navy Submarine Force, Student, United States Coast Guard, Commander, Economic development, Military Sealift Command, Growth, Coast guard, Air Force Financial Services Center, Warehouse, Navy

Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, celebrated the grand opening of its newest Training and Service Center Campus in Chesapeake, Va. located at 733 Curtis Saunders Court on May 17th.

Key Points: 
  • Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, celebrated the grand opening of its newest Training and Service Center Campus in Chesapeake, Va. located at 733 Curtis Saunders Court on May 17th.
  • “Fairbanks Morse Defense has made it clear that they are going ‘all-in’ by making a significant investment in this training and service center in Chesapeake,” said Steven Wright, Director of Chesapeake Economic Development .
  • FMD’s Chesapeake Training and Service Center includes the following:
    13,000 square feet of training center shop space, including four fully dressed workstations featuring four different FMD engines for students to pull apart and reassemble, in addition to dedicated training available on all FMD products.
  • 6,000 square feet for service center offices, a tech library, a service center classroom, and break rooms.

CEL-SCI Corporation Reports Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Friday, May 12, 2023
Biotechnology, Other Health, Health, General Health, Radiology, Oncology, Other Science, Research, Surgery, Science, Clinical Trials, US Foods, Condition, Defense, Marketing, Food, European Medicines Agency, Policy, Survival, Pathology, Formerly Used Defense Sites, Hope, Head, National Comprehensive Cancer Network, SOC, COVID, European Congress of Radiology, Immunotherapy, Consultant, EMA, NCCN, Congress, Radiation, Patient, Physician, European, Corporation, FDA, Standard of care, Health Canada, NYSE, Pharmaceutical industry, Medical device

CEL-SCI Corporation (NYSE American: CVM) today reported financial results for the quarter ended March 31, 2023, as well as key clinical and corporate developments.

Key Points: 
  • CEL-SCI Corporation (NYSE American: CVM) today reported financial results for the quarter ended March 31, 2023, as well as key clinical and corporate developments.
  • In April 2023, CEL-SCI had a productive pre-submission meeting with Canada’s regulator, Health Canada, to determine the best regulatory path toward market approval.
  • The regulations for conditional approval, similar to Canada’s NOC/c, are detailed on the EMA’s site at this link: Conditional Marketing Authorisation .
  • On May 2, 2023, CEL-SCI received $1.4 million in net proceeds from a small financing.

Gilat Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
O3b, Bank statement, Formerly Used Defense Sites, Tax, GAAP, National Trust Community Investment Corporation, Government, Sale, MPower, US, EBITDA, Acquisition, TASE, Webcast, Growth, Datapath, Adjustment, Video game, Bank, Bookkeeping, Arms industry

PETAH TIKVA, Israel, May 09, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, reported today its results for the first quarter, ended March 31, 2023.

Key Points: 
  • PETAH TIKVA, Israel, May 09, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, reported today its results for the first quarter, ended March 31, 2023.
  • “The first quarter of 2023 was a very strong opening for the year and is another quarter in which we showed strong year-over-year growth in revenues and profitability.
  • The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance.
  • The Company also believes this measure, when viewed in combination with the Company’s financial results prepared in accordance with GAAP, provides useful information to investors to evaluate ongoing operating results and trends.

Samsung Furthers Ability to Serve American Active Service Members and Veterans

Retrieved on: 
Wednesday, April 12, 2023
Other Health, General Health, Other Defense, Radiology, Technology, Medical Devices, Hospitals, Defense, Health Technology, Security, Practice Management, Health, Veterans, Digital imaging, RMF, DICOM, Communication, Risk Management Framework, United States Department of Defense, Formerly Used Defense Sites, G series, V8, Samsung, Intelligence, MTF, Ultrasound, United States Army, United States Department of the Army, Department of Defense Cyber Crime Center, United States Department of Veterans Affairs, CIA, Integrity, Digital radiography, Veterans' affairs, Confidentiality, Peter Hancock (professor), Medical imaging, Medicine

The ATO designation increases the ability of the Department of Defense (DoD) to use Samsung's ultrasound systems in Medical Treatment Facilities (MTF) worldwide.

Key Points: 
  • The ATO designation increases the ability of the Department of Defense (DoD) to use Samsung's ultrasound systems in Medical Treatment Facilities (MTF) worldwide.
  • The ATO designation was previously received for the RS85 Prestige ultrasound system and G-Series digital radiography platform technology.
  • In addition, the Samsung portfolio of digital radiography and ultrasound devices have successfully completed testing to provide Digital Imaging and Communications in Medicine (DICOM) functionality needed by the Department of Veterans Affairs and DoD.
  • Samsung strictly adheres to the DoD’s critical cybersecurity requirements for medical equipment to interface with its network.

Military Drone Market Expected To Expand Through 2028 on Heels of Technological Advancements

Retrieved on: 
Thursday, March 16, 2023
OTCQX, Formerly Used Defense Sites, Red Cat Cottage, NOT, VLOS, AeroVironment, AJRD, Energy Independence and Security Act of 2007, Security (finance), 3D, Aerojet Rocketdyne, Investment, NEVER, Partnership, NEWS, EBITDA, Growth, Puma, Robotics, DDC, Form 10-K, Software, ANY, Travel, MSE, Annual report, Doctor of Philosophy, Atmosphere, Cooperative federalism (economics), Aerojet Rocketdyne Holdings, SBIR, Atmosphere of Earth, PALM, NYSE, Transport, UAS, ACM, News, Phase, RCAT, FNM, Unmanned aerial vehicle, UAV, Risk management, Renewable energy, 3D printing, Firestorm, Patriot, Research

North America has held a significant share in the military drone market, led by countries such as the United States, which have large defense budgets as sizable military budgets support the incorporation of cutting-edge technological advancements.

Key Points: 
  • North America has held a significant share in the military drone market, led by countries such as the United States, which have large defense budgets as sizable military budgets support the incorporation of cutting-edge technological advancements.
  • Additionally, the market will likely expand further due to favorable rules by governments in the region and the increase in production of military drones internationally and domestically.
  • A report from Expert Market Research said that: "Asia Pacific is projected to experience significant expansion and a fast CAGR in the military drone market over the forecast period.
  • In the event of complete failure, military drones with fixed wings can still fly and land safely.

Military Drone Market Expected To Expand Through 2028 on Heels of Technological Advancements

Retrieved on: 
Thursday, March 16, 2023
OTCQX, Formerly Used Defense Sites, Red Cat Cottage, NOT, VLOS, AeroVironment, AJRD, Energy Independence and Security Act of 2007, Security (finance), 3D, Aerojet Rocketdyne, Investment, NEVER, Partnership, NEWS, EBITDA, Growth, Puma, Robotics, DDC, Form 10-K, Software, ANY, Travel, MSE, Annual report, Doctor of Philosophy, Atmosphere, Cooperative federalism (economics), Aerojet Rocketdyne Holdings, SBIR, Atmosphere of Earth, PALM, NYSE, Transport, UAS, ACM, News, Phase, RCAT, FNM, Unmanned aerial vehicle, UAV, Risk management, Renewable energy, 3D printing, Firestorm, Patriot, Research

North America has held a significant share in the military drone market, led by countries such as the United States, which have large defense budgets as sizable military budgets support the incorporation of cutting-edge technological advancements.

Key Points: 
  • North America has held a significant share in the military drone market, led by countries such as the United States, which have large defense budgets as sizable military budgets support the incorporation of cutting-edge technological advancements.
  • Additionally, the market will likely expand further due to favorable rules by governments in the region and the increase in production of military drones internationally and domestically.
  • A report from Expert Market Research said that: "Asia Pacific is projected to experience significant expansion and a fast CAGR in the military drone market over the forecast period.
  • In the event of complete failure, military drones with fixed wings can still fly and land safely.

US Department of Defense and Intelligence Agencies Trust Appian with Mission-Critical Platform Transformation

Retrieved on: 
Wednesday, February 15, 2023
Momentum, Automation, Federation, Organization, Intelligence, GAM, Government, Formerly Used Defense Sites, United States Department of Defense, BPM, Department of Defense Architecture Framework, Acquisition, United States Air Force, APPN, Palantir Technologies, Blog, Growth, Partnership, Case management, Civil engineering, Risk management

MCLEAN, Va., Feb. 15, 2023 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced that more than 200 government agencies use the Appian Platform to accelerate mission attainment through process automation, low-code development and packaged solutions. This includes numerous Appian deployments across all four branches of the Department of Defense, and Intelligence agencies. Appian enables rapid IT modernization, helping create mission-centric agencies that operate at maximum efficiency and effectiveness.

Key Points: 
  • This includes numerous Appian deployments across all four branches of the Department of Defense, and Intelligence agencies.
  • Appian enables rapid IT modernization, helping create mission-centric agencies that operate at maximum efficiency and effectiveness.
  • Large-scale, multi-platform and transformational process automation through the Appian Data Fabric has gained prominence in military agencies.
  • To learn more about how Appian supports DoD agencies, read our blog, System and Process Modernization Gains Momentum at US Defense and Intelligence Agencies .