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MISTRAS Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

PRINCETON JUNCTION, N.J., May 03, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its first quarter of 2023.

Key Points: 
  • Revenue increase of 3.9% as reported; up 5.5% in constant currency
    PRINCETON JUNCTION, N.J., May 03, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its first quarter of 2023.
  • Selling, general and administrative expenses in the first quarter of 2023 were $42.8 million, up from $41.9 million in the first quarter of 2022, yet down as a percentage of revenue.
  • Our Onstream inline inspection testing (ILI) business has continued its record 2022 performance into the first quarter of 2023.
  • Gross profit margin was 26.8% for the first quarter of 2023, a 380 basis point improvement from 23.0% in the first quarter of the prior year.

NeurOpTrek Launches as New Wearable System to Visually Improve Balance, Vision and Reduce Risk of Falls

Retrieved on: 
Tuesday, April 18, 2023

CHICAGO, April 18, 2023 /PRNewswire/ -- Sensoria® Health, the leading developer of smart garments and wearable technology, in collaboration with Padula Rehabilitation Technologies (PRT), today announced the launch of NeurOpTrek™ powered by Sensoria®, an innovative new wearable system designed to improve vision and help reduce the risk of falls, a serious health concern especially for older adults. Microsoft Corporation will be demonstrating the technology at their theater presentation at HIMSS23 in Chicago from April 17 to 21, 2023.

Key Points: 
  • Microsoft Corporation will be demonstrating the technology at their theater presentation at HIMSS23 in Chicago from April 17 to 21, 2023.
  • Together with PRT their clinical and engineering multidisciplinary teams have tackled the problem of risk of fall in a very innovative way.
  • "NeurOpTrek offers an evidence-based way for optometrists to help patients who have issues with posture, balance, and potential fall risk.
  • Said Dr. William V. Padula, a leading optometrist and vision rehabilitation specialist who serves as founder of Padula Rehabilitation Technologies.

Global Smart Clothing Market to Grow at a Staggering CAGR of 19.2% Through 2032 | Medical Industry to Offer Lucrative Revenue Opportunity, Says Extrapolate

Retrieved on: 
Tuesday, April 4, 2023

In short, the report can help buyers navigate the dynamic and rapidly evolving smart clothing market, empowering them to make informed decisions about their growth strategies.

Key Points: 
  • In short, the report can help buyers navigate the dynamic and rapidly evolving smart clothing market, empowering them to make informed decisions about their growth strategies.
  • Moreover, the medical industry presents another substantial revenue opportunity, as smart clothing can be utilized for remote patient monitoring.
  • Market Segmentation by Textile Product:
    Based on fabric type, the active smart segment has generated the highest revenue in the smart clothing market.
  • Lumo Bodytech: Develops smart clothing and technology to analyze and correct posture, including smart running sensors, a wearable coach, and posture-correcting smart shirts.

Global Smart Clothing Market to Grow at a Staggering CAGR of 19.2% Through 2032 | Medical Industry to Offer Lucrative Revenue Opportunity, Says Extrapolate

Retrieved on: 
Tuesday, April 4, 2023

In short, the report can help buyers navigate the dynamic and rapidly evolving smart clothing market, empowering them to make informed decisions about their growth strategies.

Key Points: 
  • In short, the report can help buyers navigate the dynamic and rapidly evolving smart clothing market, empowering them to make informed decisions about their growth strategies.
  • Moreover, the medical industry presents another substantial revenue opportunity, as smart clothing can be utilized for remote patient monitoring.
  • Market Segmentation by Textile Product:
    Based on fabric type, the active smart segment has generated the highest revenue in the smart clothing market.
  • Lumo Bodytech: Develops smart clothing and technology to analyze and correct posture, including smart running sensors, a wearable coach, and posture-correcting smart shirts.

Profile of Sensoria Health: An Innovator in Wearable Medical Devices for Fitness and Health Care - ResearchAndMarkets.com

Retrieved on: 
Monday, February 6, 2023

Sensoria Health, headquartered in Redmond, Washington, USA, is a pioneer in the development of wearable technologies--particularly wearable medical devices for fitness and health care applications.

Key Points: 
  • The "Profile of Sensoria Health: An Innovator in Wearable Medical Devices for Fitness and Health Care" company profile from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.
  • Sensoria Health, headquartered in Redmond, Washington, USA, is a pioneer in the development of wearable technologies--particularly wearable medical devices for fitness and health care applications.
  • The global market for wearable medical devices is forecast to grow between 2019 and 2027 and, as the market for wearable technology becomes increasingly crowded and fiercely competitive, the health care market will provide significant opportunities for Sensoria Health.
  • However, Sensoria Health must first address concerns about the designs of wearable medical devices if it hopes to stake a lasting claim on the health care market.

The Smart and Interactive Textiles Market would surpass $16.4 billion by 2030, says Global Market Insights Inc.

Retrieved on: 
Wednesday, July 20, 2022

SELBYVILLE, Del., July 20, 2022 /PRNewswire/ -- According to the report published by Global Market Insights Inc., the global Smart And Interactive Textiles Market was estimated at USD 2,147.6 million in 2021 and is expected to reach a valuation of about $16.4 billion by 2030, progressing at a CAGR of 25.6% from 2022 to 2030. The report provides a detailed analysis of the competitive scenario, top winning strategies, drivers & opportunities, market size & estimations, wavering market trends, and major investment pockets.

Key Points: 
  • Notably, due to the soaring applicability of these textiles in varied industry verticals, the smart and interactive textiles market is projected to gain positive traction through the analysis period.
  • Key reasons for smart and interactive textiles market growth:
    Increasing penetration in healthcare and sports industries.
  • Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider.
  • Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.

The Smart and Interactive Textiles Market would surpass $16.4 billion by 2030, says Global Market Insights Inc.

Retrieved on: 
Wednesday, July 20, 2022

SELBYVILLE, Del., July 20, 2022 /PRNewswire/ -- According to the report published by Global Market Insights Inc., the global Smart And Interactive Textiles Market was estimated at USD 2,147.6 million in 2021 and is expected to reach a valuation of about $16.4 billion by 2030, progressing at a CAGR of 25.6% from 2022 to 2030. The report provides a detailed analysis of the competitive scenario, top winning strategies, drivers & opportunities, market size & estimations, wavering market trends, and major investment pockets.

Key Points: 
  • Notably, due to the soaring applicability of these textiles in varied industry verticals, the smart and interactive textiles market is projected to gain positive traction through the analysis period.
  • Key reasons for smart and interactive textiles market growth:
    Increasing penetration in healthcare and sports industries.
  • Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider.
  • Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.