Transport layer

Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on: 
Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling.  As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.  The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies."  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points: 
  • Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
  • As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
  • Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
  • In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

Lockheed Martin Selected to Deliver 36 Small Satellites to Advance Space Development Agency's Communications Network

Retrieved on: 
Monday, August 21, 2023

LITTLETON, Colo., Aug. 21, 2023 /PRNewswire/ -- The Space Development Agency (SDA) awarded Lockheed Martin (NYSE: LMT) a firm-fixed price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer (T2TL) Beta satellites. T2TL is part of an overarching plan to strengthen deterrence with more resilient space architectures for beyond line-of-sight (BLOS) targeting, data transport, and advanced missile detection and tracking.

Key Points: 
  • LITTLETON, Colo., Aug. 21, 2023 /PRNewswire/ -- The Space Development Agency (SDA) awarded Lockheed Martin (NYSE: LMT) a firm-fixed price agreement valued at approximately $816 million to build 36 Tranche 2 Transport Layer (T2TL) Beta satellites.
  • The T2TL Beta variant satellites will work in tandem with SDA's Tranche 1 and Tranche 2 networks.
  • With this award, Lockheed Martin will deliver at least 88 data communications satellites for SDA's low-Earth orbit military constellation.
  • Lockheed Martin will deliver advanced technology on its T2TL Beta satellites to enable the proliferated global network and maintain the Proliferated Warfighter Space Architecture's technological and military advantages in space through a hybrid enterprise.

Fastly Expands Domains API and TLS Capabilities with Domainr Acquisition and General Availability of Certainly Certification Authority

Retrieved on: 
Thursday, August 17, 2023

Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced two major developments in its domain name API and Transport Layer Security (TLS) capabilities: the acquisition of Domainr , an ICANN-accredited real-time domain availability API provider, as well as general availability of Certainly , Fastly’s publicly-trusted TLS Certification Authority (CA).

Key Points: 
  • Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today announced two major developments in its domain name API and Transport Layer Security (TLS) capabilities: the acquisition of Domainr , an ICANN-accredited real-time domain availability API provider, as well as general availability of Certainly , Fastly’s publicly-trusted TLS Certification Authority (CA).
  • In response to several CA incidents affecting Fastly customers, Fastly set out to create a modern CA that embraces industry best practices, and released Certainly in limited availability in February 2023.
  • Certainly gives users the option to create and manage certificates issued by Certainly to secure any website or application programming interface (API) endpoint served by Fastly.
  • Fastly customers can now look forward to superior end-to-end services and customer support for all TLS and domain name availability needs as Fastly continues to expand its infrastructure capabilities.

Momentus Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023

Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the second quarter of 2023.

Key Points: 
  • Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation, and other in-space infrastructure services, today announced its financial results for the second quarter of 2023.
  • “The second quarter marks our first million-dollar quarter with the successful deployment of commercial customers from our Vigoride-6 mission contributing to the recognition of $1.7 million in revenue,” said Momentus Chief Executive Officer John Rood.
  • Second Quarter 2023 Business Highlights:
    In Q2 2023, Momentus grew total revenue by 3,310% year over year to $1.7 million.
  • Momentus Inc. will host a conference call to discuss its financial results today, at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

Flash News: OKX Ventures Announces Investment in zkPass, a Private Data Verification Protocol

Retrieved on: 
Friday, August 4, 2023

SINGAPORE, Aug. 04, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for August 4, 2023.

Key Points: 
  • SINGAPORE, Aug. 04, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for August 4, 2023.
  • OKX Ventures Announces Investment in zkPass, a Private Data Verification Protocol
    OKX Ventures is proud to announce its recent investment in zkPass , a privacy-preserving protocol for data verification.
  • OKX Ventures Founder Dora Yue said: "We're excited to support zkPass and work with the protocol to provide a solution that addresses a common painpoint in Web2 and Web3: private data verification.
  • OKX Ventures will continue to support projects that seek to overcome obstacles to the mainstream adoption of blockchain technology.

Momentus to Highlight Low-Cost M-1000 Commercial Satellite Bus and Transportation Services at Small Satellite 2023

Retrieved on: 
Wednesday, August 2, 2023

Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers commercial satellite buses and orbital transportation and in-space infrastructure services, will be attending Small Satellite 2023 from August 5-10 in Logan, Utah.

Key Points: 
  • Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that offers commercial satellite buses and orbital transportation and in-space infrastructure services, will be attending Small Satellite 2023 from August 5-10 in Logan, Utah.
  • All Small Satellite attendees are welcome to join the event at 3:30 p.m. local time on Monday, August 7, in room LSB 207.
  • Momentus is well-positioned to meet the growing demand for satellite buses with its flight-proven M-1000 satellite bus.
  • Momentus has offered the M-1000 satellite bus to both commercial constellation providers and to the U.S. Government.

Philips’ SpeechLive® Earns FirstNet Verified™ Designation

Retrieved on: 
Tuesday, July 11, 2023

Following a rigorous review process, Philips SpeechLive is now FirstNet® Verified™ and accessible via the FirstNet App Catalog.

Key Points: 
  • Following a rigorous review process, Philips SpeechLive is now FirstNet® Verified™ and accessible via the FirstNet App Catalog.
  • This gives FirstNet subscribers a dedicated location to find meaningful new solutions that have been specifically reviewed for use with FirstNet services.
  • Additionally, FirstNet subscribers will benefit from FirstNet reliability while using Philips SpeechLive.
  • And we’re pleased that Philip SpeechLive is now FirstNet Verified™ and available to FirstNet subscribers,” said Matt Walsh, assistant vice president, product management and development, FirstNet Program at AT&T.

IoT Security Market worth $59.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 7, 2023

North America has witnessed significant growth in the IoT Security Market, leading the market in market share.

Key Points: 
  • North America has witnessed significant growth in the IoT Security Market, leading the market in market share.
  • IoT security solutions emphasise data privacy, ensuring that private data sent and gathered by IoT devices is kept private and protected.
  • The primary goal of IoT security solutions is to stop unauthorised manipulation or tampering with IoT devices.
  • To determine and forecast the global IoT Security Market based on components, solutions, services, types, deployment modes, application areas, and regions from 2018 to 2028, and analyze various macro and microeconomic factors that affect the market growth.

IoT Security Market worth $59.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, July 7, 2023

North America has witnessed significant growth in the IoT Security Market, leading the market in market share.

Key Points: 
  • North America has witnessed significant growth in the IoT Security Market, leading the market in market share.
  • IoT security solutions emphasise data privacy, ensuring that private data sent and gathered by IoT devices is kept private and protected.
  • The primary goal of IoT security solutions is to stop unauthorised manipulation or tampering with IoT devices.
  • To determine and forecast the global IoT Security Market based on components, solutions, services, types, deployment modes, application areas, and regions from 2018 to 2028, and analyze various macro and microeconomic factors that affect the market growth.

Terran Orbital joins TIME100 Most Influential Companies

Retrieved on: 
Wednesday, June 21, 2023

Time magazine on Wednesday named Terran Orbital (NYSE: LLAP ) to the TIME100 Most Influential Companies list , honoring the satellite manufacturer and services provider and other firms for their "extraordinary impact around the world."

Key Points: 
  • Time magazine on Wednesday named Terran Orbital (NYSE: LLAP ) to the TIME100 Most Influential Companies list , honoring the satellite manufacturer and services provider and other firms for their "extraordinary impact around the world."
  • View the full release here: https://www.businesswire.com/news/home/20230621006319/en/
    Time magazine on Wednesday named Terran Orbital (NYSE: LLAP) to the TIME100 Most Influential Companies list, honoring the satellite manufacturer and services provider and other firms for their "extraordinary impact around the world."
  • "Terran Orbital is honored to join the ranks of a TIME100 Most Influential Companies list that has included the likes of Apple, Amazon, Google-parent Alphabet, Disney, Microsoft, Moderna, Ford, and the NFL."
  • The annual TIME100 Most Influential Companies list, published online and on newsstands now, is in Time magazine's July 3 issue.