Base erosion and profit shifting (OECD project)

Online safety bill: why making the UK the 'safest place to go online' is not as easy as the government claims

Retrieved on: 
Tuesday, September 26, 2023
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It places a “duty of care” on tech companies to ensure their users, especially children, are safe online.

Key Points: 
  • It places a “duty of care” on tech companies to ensure their users, especially children, are safe online.
  • And it aims to provide adults with greater control over the content they interact with, for example if they wish to avoid seeing sexual content.
  • The government has said the new law will make the UK the “safest place to be online”, but this isn’t something that can happen overnight.

The challenges of regulating the internet

    • If platforms are expected to provide “back doors” to technology designed to ensure that communications are private, they may contradict privacy and human rights law.
    • At present, there is no way to grant some people access to encrypted communications without weakening the security of the communications for everyone.
    • While technology continues to develop, it seems unlikely there will be perfect implementations anytime soon for these issues.

What is ‘harmful’ content?

    • Previous versions of the bill placed expectations on platforms to explicitly tackle “legal but harmful” content for adults.
    • This was defined at the time as content that would be viewed as offensive by a “reasonable person of ordinary sensibilities”.
    • While these provisions are now removed, there is still a great deal of intangibility around what it means to protect children from “harmful” content.

What would actually make the internet safe?

    • These measures, if effectively implemented, will make it more difficult for young people to stumble across content meant for adults, but they will not prevent the determined teenager.
    • I often to speak to young people about what help they would like to be safer online.
    • I am reminded of a quote from the American cybersecurity researcher Marcus Ranum: “You can’t solve social problems with software.”

Sypris Wins Award for Cryptographic Program

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Thursday, November 10, 2022
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Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on award from a U.S. DOD prime contractor to manufacture and test embedded circuit card assemblies that will perform certain of the cryptographic functions for the Army Key Management System (AKMS).

Key Points: 
  • Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on award from a U.S. DOD prime contractor to manufacture and test embedded circuit card assemblies that will perform certain of the cryptographic functions for the Army Key Management System (AKMS).
  • The embedded circuit card assemblies to be produced by Sypris will perform the cryptographic functions for a ruggedized, portable, hand-held simple key load device that will be used to securely receive, store and transfer data between compatible cryptographic and communications equipment.
  • We are pleased to extend our long-term partnership on and support of this important secure communications program, said Mark R. Kane, Vice President & General Manager of Sypris Electronics.
  • Sypris Electronics is a trusted provider of engineering and manufacturing services for complex, mission-critical electronic solutions for customers in the Defense, Space, Deep Sea Communications and Industrial markets.

Sypris Awarded Expanded Scope on Electronic Warfare Program

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Thursday, October 6, 2022
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In conjunction with the amendment, Sypris also received releases for the first year of production, with shipments scheduled to begin in 2023.

Key Points: 
  • In conjunction with the amendment, Sypris also received releases for the first year of production, with shipments scheduled to begin in 2023.
  • The modules to be produced by Sypris will be integrated into an electronic warfare improvement program for the U.S. Navy.
  • The improvements to the electronic attack portion will provide integrated countermeasures against radio frequency-guided threats, according to the Navy.
  • We are pleased to expand our long-term partnership on and support of this important program, said Mark R. Kane, Vice President & General Manager of Sypris Electronics.

Sypris Acquires Pipeline Engineering Rapid Opening Closure Line

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Thursday, September 15, 2022
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Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently acquired the intellectual property rights for the rapid opening closure (ROC) product line from Pipeline Engineering and Supply Co. Limited (PE), located in Catterick, UK.

Key Points: 
  • Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently acquired the intellectual property rights for the rapid opening closure (ROC) product line from Pipeline Engineering and Supply Co. Limited (PE), located in Catterick, UK.
  • Under the agreement, Sypris will also have the capability to supply spare parts and provide field service for any installation that contains the ROC product line.
  • The strategic fit of the ROC product line with our portfolio of closures is perfect, said Brett Keener, General Manager.
  • The ROC product line will expand our market presence in Europe, Asia and the Middle East, further enhancing our ability to serve our customers.

Sypris Wins Award for Permian Highway Pipeline Expansion Project

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Tuesday, September 6, 2022
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Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an award for specialty high-pressure closures for use in the Permian Highway Pipeline Expansion Project.

Key Points: 
  • Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an award for specialty high-pressure closures for use in the Permian Highway Pipeline Expansion Project.
  • The Permian Highway Expansion Project (the Project) will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the U.S. Gulf Coast, including new LNG facilities, according to news sources.
  • The Project is expected to increase the capacity of the Permian Highway Pipeline by approximately 550 million cubic feet per day.
  • The Project is also expected to alleviate transportation constraints out of the Permian Basin in support of growing domestic and global energy demands.

Sypris Wins Award for Electronic Warfare System Upgrade

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Wednesday, June 8, 2022
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The power supplies to be produced by Sypris will be incorporated into a suite that will replace the functionally obsolete self-protection system of existing aircraft.

Key Points: 
  • The power supplies to be produced by Sypris will be incorporated into a suite that will replace the functionally obsolete self-protection system of existing aircraft.
  • The upgrade is intended to significantly improve the aircrafts capability to autonomously and automatically detect, identify and locate radio frequency threats.
  • Updating the electronic warfare suite is critical to the aircraft, which is scheduled to be in service through 2040.
  • This multi-year, follow-on award advances our partnership on this mission critical, technically-advanced upgrade program, said Mark Kane, Vice President & General Manager of Sypris Electronics.

Sypris Wins Electronic Warfare and Communications Program

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Monday, May 23, 2022
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Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on multimillion-dollar contract award from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs.

Key Points: 
  • Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a follow-on multimillion-dollar contract award from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs.
  • The aircraft is also able to provide electronic warfare and intelligence, surveillance, and reconnaissance capabilities.
  • Sypris will produce and test the advanced integrated electronic avionics system modules for the Communications, Navigation and Identification suite of the aircraft.
  • Sypris Electronics is a trusted provider of engineering and manufacturing services for complex, mission-critical electronic solutions for customers in the Defense, Space, Deep Sea Communications and Industrial markets.

Sypris Reports First Quarter Results

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Wednesday, May 18, 2022
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Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 3, 2022.

Key Points: 
  • Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended April 3, 2022.
  • Revenue for the first quarter increased 30.9% year-over-year, driven by a 32.7% increase for Sypris Electronics and a 30.1% increase for Sypris Technologies.
  • Gross profit increased 148.3% year-over-year, with an improvement of 113.5% for Sypris Electronics and 167.5% for Sypris Technologies.
  • Revenue for Sypris Electronics was $9.0 million in the first quarter of 2022 compared to $6.8 million for the prior-year period.

Sypris Awarded Multi-Year Contract Extension With Global Truck OEM

Retrieved on: 
Tuesday, April 19, 2022
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Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a multi-year contract extension to provide drivetrain components for use in the production of medium and heavy-duty commercial vehicles with a leading global commercial vehicle original equipment manufacturer.

Key Points: 
  • Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has entered into a multi-year contract extension to provide drivetrain components for use in the production of medium and heavy-duty commercial vehicles with a leading global commercial vehicle original equipment manufacturer.
  • The components produced by Sypris for use in the drivetrain of medium and heavy-duty trucks are essential to the performance of the drive axles of the vehicles.
  • The award of the contract extension is timely, for the commercial vehicle market is in the midst of a multi-year expansion.
  • The requirements for both customers are produced at the Sypris manufacturing campus located in Toluca, Mexico.

Sypris Announces Chief Financial Officer Transition

Retrieved on: 
Monday, March 14, 2022
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Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Richard L. Davis, the Companys Vice President, to the position of Vice President & Chief Financial Officer effective October 12, 2022.

Key Points: 
  • Sypris Solutions, Inc. (Nasdaq/GM: SYPR) announced today the appointment of Richard L. Davis, the Companys Vice President, to the position of Vice President & Chief Financial Officer effective October 12, 2022.
  • Mr. Davis will succeed Anthony C. Allen, the Companys current Vice President and Chief Financial Officer, who will serve as Vice President and Treasurer effective October 12, 2022.
  • Commenting on the announcements, Jeffrey T. Gill, Chairman, President & Chief Executive Officer of Sypris Solutions, said, We are very pleased to announce the transition of Rich to the role of Chief Financial Officer.
  • On behalf of the Board of Directors and the entire Sypris team, I want to thank Tony for his leadership and dedication to Sypris, not only as the Companys Chief Financial Officer over the past seven years, but throughout his 36-year career with Sypris.