EchoStar Corporation has clinched a significant contract with the US Navy, valued at USD 2.7 billion, under a ten-year indefinite-delivery, indefinite-quantity (IDIQ) scheme. This flexible contracting mechanism allows for an ongoing series of deliveries, potentially leading to additional contracts and providing EchoStar with a new, stable revenue stream.
The...
NCR Voyix Corp has launched a new self-service kiosk named Aloha Kiosk, catering to the rising demand in the restaurant sector, which continues to feel the impacts of the COVID crisis. The Aloha Kiosk, integrating the company's GRUBBRR software, is designed to streamline customer experiences by supporting various payment systems and enabling orders without...
Royal Caribbean Group (RCL) is significantly expanding its workforce in response to unprecedented demand for cruises. The cruise operator is currently discussing with various countries to recruit thousands of new employees for its ships and private destinations. This year, the company aims to hire approximately 10,000 workers, with plans for an additional 10,000...
Yesterday, 15 May 2024, Vuzix Corporation announced a development contract with Garmin, a leader in navigation and consumer electronics. Garmin commissioned the development of nanoscale optical projection systems based on Vuzix waveguides. These systems are small projectors suitable for use in compact augmented reality (AR) devices.
The contract with Garmin was...
Rocket Lab USA, Inc. has updated its launch schedule, announcing that the first flight of its new Neutron launch vehicle is now set for the second half of 2025. While some reports have labelled this a delay, Rocket Lab clarifies that the timeline shift is minor, with the rocket's main components already prepared and no significant project revisions required. The...
Biotechnology company TScan Therapeutics Inc. announced last week that the first patient in the phase 1 clinical trial had been dosed with its new TCR-T therapy to treat solid tumours. TScan Therapeutics will soon provide data on the progress of its TCR-T experiments, which could attract investor attention.
The commencement of clinical trials marks a...
Amazon Web Services (AWS) has announced a robust investment plan, committing 12bn SGD (approximately 8.88bn USD) over the next four years to bolster the cloud infrastructure in Singapore. This initiative marks a significant move by Amazon to solidify its presence in Southeast Asia, a region renowned for its rapidly expanding economies and tech-savvy population...
Fastly Inc., a prominent cloud solutions provider, has unveiled a new service, Fastly Bot Management, designed to counter automated cyberattacks. These attacks, often conducted using botnets (networks of infected devices) and advanced artificial intelligence algorithms, pose serious threats such as DDoS attacks and account takeovers.
The newly launched Fastly...
United Micro Electronics has recently launched an innovative line of miniaturised, yet economical 5G chips, aiming to penetrate various markets including Internet of Things (IoT) devices, consumer electronics, automotive sectors, and data centres. This initiative is founded on UMC's novel RFSOI (Radio Frequency Silicon on Insulator) platform.
The new chip...
Commvault Systems Inc. (NASDAQ: CVLT) has released an impressive report for the fourth quarter of fiscal year 2024, showcasing significant revenue growth and surpassing Wall Street’s sales forecasts. The company’s financial performance for the quarter ending 31 March 2024 included a 10% increase in revenue to USD 223.3 million. Over the entire fiscal year,...
Bristol-Myers Squibb Co. has recently released its first-quarter report for 2024, facing significant financial hurdles due to a high debt load of USD 37bn. With the current high interest rates set by the Federal Reserve, this level of indebtedness could severely constrain the company's ability to grow and invest in new innovations. Adding to its challenges,...
Bank of America has recently upgraded its rating on Tesla Inc. from 'Neutral' to 'Buy', highlighting a promising outlook for the electric vehicle giant. Analysts point to several growth drivers, including shorter timelines for launching new models, significant investments in artificial intelligence, and expanding autonomous driving technologies.
Tesla's CEO...
Vuzix Corporation, a leader in the professional augmented reality (AR) device market, has garnered favourable feedback for its AR glasses, as detailed in a success story published by TeamViewer. The report highlights using Vuzix M400 AR glasses in conjunction with TeamViewer Frontline software by Nadro S.A., a prominent Mexican pharmaceutical wholesale...
JinkoSolar Holding Co., Ltd. has recently announced the launch of its NeoGreen solar modules, coupled with a significant contract for its Tiger Neo modules, bolstering its position as a leader in the solar panel technology market. The unveiling occurred at the KEY Exhibition 2024 in Italy, where JinkoSolar showcased the first mass-produced NeoGreen modules,...
Enphase Energy Inc., a leading provider of solar energy solutions, has recently established a strategic partnership with Octopus Energy Group to enhance its sales. This collaboration is expected to drive significant future revenue growth for Enphase Energy by integrating its solar inverters and battery systems with Octopus's Kraken platform, which manages...
Vertex Pharmaceuticals Inc., widely recognised for its cystic fibrosis treatments, is venturing into new therapeutic areas , signalling potential growth in new markets. The company is currently advancing its development of non-opioid analgesics, specifically candidate VX-548, which has demonstrated encouraging outcomes in clinical trials. This new drug represents...
Meta Platforms Inc. is ramping up its efforts to compete with AI industry leader OpenAI by launching early versions of its latest large language model, Llama 3, and a real-time image generator. These advancements are part of Meta's strategy to enhance its presence in the AI space, integrating these technologies into the Meta AI virtual assistant. This assistant...
Pharmaceutical giant AbbVie Inc. is considering enhancing its neurobiological portfolio as it finalises the acquisition of neurobiotech firm Cerevel Therapeutics. Initially announced in December 2023 for 8.7 billion USD, the acquisition was primarily focused on Cerevel's experimental schizophrenia drug, Emraclidine. This drug represents a new class of...
