ABI

Bankruptcy Filings Increase Across All Chapters in First Quarter 2024

Retrieved on: 
Tuesday, April 2, 2024
Bankruptcy, Congress, ABI, Dive (Belgian band), Housing, Task force, Calendar, Cryptocurrency

Total overall commercial bankruptcies increased 22 percent in the first quarter of 2024, as the 7,113 filings surpassed the 5,820 commercial filings during the first quarter of 2023.

Key Points: 
  • Total overall commercial bankruptcies increased 22 percent in the first quarter of 2024, as the 7,113 filings surpassed the 5,820 commercial filings during the first quarter of 2023.
  • The 120,094 total bankruptcy filings represented a 14 percent increase from the 105,497 total filings during the same period last year.
  • Consumer filings increased 13 percent, to 112,981 filings in the first quarter of 2024 from the 99,677 consumer filings during the same period in 2023.
  • Individual chapter 7 filings during the first quarter of 2024 were 66,861, a 17 percent increase over the 57,158 individual chapter 7 filings during the same period in 2023.

Abcourt Closes a First Tranche of the Private Placement of Units Previously Announced, for an Amount of $1,436,234

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Giant, Indian stock exchange, Control, TSX Venture Exchange, Private, Exercise, Offering, Minority, ABI, Sale, TMX Group, WIRE, News, NOT, Multilateral, NEWS, Security (finance)

ROUYN-NORANDA, Quebec, March 26, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a first closing of the non-brokered private placement announced on March 12, 2024, for gross proceeds of $1,436,234, representing 28,724,688 units of the Corporation (the “Units”), at a price of $0.05 per Unit (the "Offering"). Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.06 for a period of 36 months following the closing date of the Offering.

Key Points: 
  • Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.06 for a period of 36 months following the closing date of the Offering.
  • Abcourt paid finder’s fees in an amount of $500 and issued 10,000 finder warrants to Red Cloud Securities Inc., who assisted Abcourt by introducing a subscriber to the Corporation in connection with the Offering.
  • As a result, François Mestrallet will become a Control Person of the Corporation.

Food Cold Chain Track and Trace Technology Revenues Set to Exceed US$7 Billion Amid Growing Regulatory Scrutiny on Food Supply Chains

Retrieved on: 
Tuesday, April 9, 2024
Research, Temperature, Orbcomm, Farmer, Software as a service, Growth, Food industry, Humidity, ABI, Food quality, Safety, Saṃsāra, Investment, Luitel, FSMA

The implementation of the Food Safety Modernization Act (FSMA) in the United States amplifies this trend, mandating enhanced reporting protocols for various food products and impacting the entire US food supply chain, including exporters.

Key Points: 
  • The implementation of the Food Safety Modernization Act (FSMA) in the United States amplifies this trend, mandating enhanced reporting protocols for various food products and impacting the entire US food supply chain, including exporters.
  • Global technology intelligence firm ABI Research projects that worldwide revenues from food cold chain track and trace operations will surpass US$7 billion by 2032, encompassing hardware sales and recurring SaaS subscriptions.
  • The need for real-time monitoring across the food supply chain has been exacerbated due to the regulatory compliance requirements in North America and Europe.
  • "Beyond regulatory compliance, food waste mitigation is also a key enabler for cold chain monitoring growth in the food industry.

Food Cold Chain Track and Trace Technology Revenues Set to Exceed US$7 Billion Amid Growing Regulatory Scrutiny on Food Supply Chains

Retrieved on: 
Tuesday, April 9, 2024
Research, Temperature, Orbcomm, Farmer, Software as a service, Growth, Food industry, Humidity, ABI, Food quality, Safety, Saṃsāra, Investment, Luitel, FSMA

The implementation of the Food Safety Modernization Act (FSMA) in the United States amplifies this trend, mandating enhanced reporting protocols for various food products and impacting the entire US food supply chain, including exporters.

Key Points: 
  • The implementation of the Food Safety Modernization Act (FSMA) in the United States amplifies this trend, mandating enhanced reporting protocols for various food products and impacting the entire US food supply chain, including exporters.
  • Global technology intelligence firm ABI Research projects that worldwide revenues from food cold chain track and trace operations will surpass US$7 billion by 2032, encompassing hardware sales and recurring SaaS subscriptions.
  • The need for real-time monitoring across the food supply chain has been exacerbated due to the regulatory compliance requirements in North America and Europe.
  • "Beyond regulatory compliance, food waste mitigation is also a key enabler for cold chain monitoring growth in the food industry.

AMD Adaptive Computing Technology Powers Sony Semiconductor Solutions LiDAR Automotive Reference Design

Retrieved on: 
Tuesday, March 19, 2024
SSS, Socs, Sony, Perception, Depth perception, ABI, 3D, AI, Field-programmable gate array, Graphics processing unit, Safety, Ozone, AMD, Lidar, Central processing unit, Silicon, Weather, Video game

SANTA CLARA, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that its cutting-edge adaptive computing technology was selected by Sony Semiconductor Solutions (SSS) for its newest automotive LiDAR reference design.

Key Points: 
  • SANTA CLARA, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that its cutting-edge adaptive computing technology was selected by Sony Semiconductor Solutions (SSS) for its newest automotive LiDAR reference design.
  • Using adaptive computing technology from AMD significantly extends the SSS LiDAR system capabilities, offering extraordinary accuracy, fast data processing, and high reliability for next-generation autonomous driving solutions.
  • “Our collaboration with Sony Semiconductor Solutions integrating AMD adaptive computing technology into its LiDAR reference design exemplifies our dedication to pushing the boundaries of technology and driving innovation in critical industries."
  • "By incorporating AMD adaptive computing technology into our LiDAR reference design, we are poised to set new standards in performance, reliability, and adaptability."

CompoSecure Ranked #1 in the Metal Payment Card Market by ABI Research

Retrieved on: 
Wednesday, March 13, 2024
Research, Research report, ABI, Acquisition, Mobile phone

SOMERSET, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security and authentication solutions, announced today it ranked #1 in the Metal Payment Card research report by ABI Research, a global technology market intelligence firm.

Key Points: 
  • SOMERSET, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security and authentication solutions, announced today it ranked #1 in the Metal Payment Card research report by ABI Research, a global technology market intelligence firm.
  • “CompoSecure has enjoyed an historically strong position in the metal payment card market,” stated Sam Gazeley, ABI Research Industry Analyst.
  • “Its commanding market position, alongside a global presence and the growing number of vendors who offer and ship CompoSecure products within their portfolios, cements its position as the leader in the metal payment card market.”
    The ABI Research report points to CompoSecure as the clear market leader in this metal payment card competitive assessment:
    Top Metal Card Vendor: CompoSecure secured the highest overall score in the ABI Research assessment due to its comprehensive product portfolio, extensive business partnerships, advanced technology and innovation, and strong sustainability strategy.
  • Top Honor in Innovation: CompoSecure is the innovation leader in the metal payment card market, going beyond metal only and launching metal in combination with the Lux Glass offering and the Echo Mirror card.

Altria Enters $2.4 Billion Accelerated Share Repurchase Transactions in Connection with Closing of Offering of Anheuser-Busch InBev Stock

Retrieved on: 
Tuesday, March 19, 2024
Tobacco, Retail, Professional Services, Finance, European Economic Area, Gross metropolitan product, Goldman Sachs, ASR, ABI, Sale, ANB, ADS, AB InBev, Risk, Euronext, Annual report, Share repurchase, Security (finance)

Altria Group, Inc. (Altria) (NYSE: MO) today announces that we entered accelerated share repurchase (ASR) transactions under separate agreements with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024, to repurchase $2.4 billion of our common stock.

Key Points: 
  • Altria Group, Inc. (Altria) (NYSE: MO) today announces that we entered accelerated share repurchase (ASR) transactions under separate agreements with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024, to repurchase $2.4 billion of our common stock.
  • We expect the remainder of the shares to be delivered no later than the end of the second quarter of 2024.
  • The ASR transactions are part of our expanded $3.4 billion share repurchase program, which we expect to complete by December 31, 2024.
  • In addition, ABI repurchased $200 million of ordinary shares directly from us, concurrently with the completion of the offering.

Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev

Retrieved on: 
Wednesday, March 13, 2024
Tobacco, Retail, Wine & Spirits, European Economic Area, Gross metropolitan product, Telephone, EDGAR, ABI, Sale, ANB, ADS, Risk, Euronext, Prospectus, Morgan Stanley, Broadridge Financial Solutions, Annual report, Varick Street, Beer, 2nd Floor, Security (finance)

In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.

Key Points: 
  • In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.
  • Altria, as the selling shareholder, is offering 35 million of ABI’s ordinary shares.
  • In addition, we have agreed to a 180-day lockup with the lead underwriter for our remaining ABI shares.
  • “Over the decades of our ownership, the beer investment has provided significant income and cash returns and supported our strong balance sheet.

Precisely Drives Confidence in AI-ready Data at the 2024 Gartner® Data & Analytics Summit

Retrieved on: 
Monday, March 11, 2024
Data Analytics, Professional Services, Technology, Artificial Intelligence, Software, Automation, Mastercard, SAP ERP, Synthetic media, Data integrity, Unemployment, Bias, Education, ABI, SAP, AI, Business intelligence, Poverty, Hallucination, Analytics, Data management, Sales

Precisely , the global leader in data integrity, today announced it will present on stage at the 2024 Gartner® Data & Analytics Summit in Orlando, Florida, sharing its expertise on how companies can ensure their data is AI-ready.

Key Points: 
  • Precisely , the global leader in data integrity, today announced it will present on stage at the 2024 Gartner® Data & Analytics Summit in Orlando, Florida, sharing its expertise on how companies can ensure their data is AI-ready.
  • The Precisely Data Integrity portfolio offers solutions designed to streamline and enhance data management across enterprises.
  • Precisely will be at booth #1634 during the 2024 Gartner® Data & Analytics Summit taking place March 11 - 13, 2024 in Orlando, Florida.
  • Learn more about how data integrity can make an impact on your next data, analytics, or AI initiative or schedule your personalized demo .

Electronic Shelf Label Revenues to Exceed US$6.2 Billion by 2030 Amid Retailers' Response to a Shrinking Workforce

Retrieved on: 
Wednesday, April 3, 2024
Research, Automation, Electronic shelf label, Growth, SpartanNash, Dematic, Partnership, ABI, Sam's Club, ESL, MFC, Retail

NEW YORK, April 3, 2024 /PRNewswire/ -- In retail stores, technology is being increasingly leveraged to enhance customer experiences, improve product availability, and address labor challenges head-on. According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.

Key Points: 
  • According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.
  • Workers are required to ensure shelves are stocked, inventory is managed, the store is clean, and customers are supported.
  • Europe has led the charge with ESLs, currently with the highest installed base at almost 600 million ESLs.
  • The region also hosts the two largest ESL vendors, SES-imagotag and Pricer , holding a combined market share of over 60%.