Governor Cuomo Signs Legislation Suspending Use and Directing Study of Facial Recognition Technology in Schools – ny.gov

Governor Andrew M. Cuomo today signed legislation (A6787-D/S5140-B) suspending the use of facial recognition technology and other kinds of biometric technology in schools, directing a study of whether its use is appropriate in schools and issuing recommendations. The legislation places a moratorium on schools purchasing and using biometric identifying technology until at least July 1, 2022 or until the report is completed and the State Education Commissioner authorizes its use, whichever occurs later. It applies to both public and private schools in New York State.

"Facial recognition technology could provide a host of benefits to New Yorkers, but its use brings up serious and legitimate privacy concerns that we have to examine, especially in schools," Governor Cuomo said. "This legislation requiresstateeducation policymakersto take a step back, consult with experts and address privacy issues before determining whether any kind of biometric identifying technology can be brought into New York's schools. The safety and security of our children is vital to every parent, and whether to use this technology is not a decision to be made lightly."

The call for this legislation follows concerns raised about potential risks posed to students by some existing facial recognition and other biometric technologies, including reported high rates of misidentification of women, young people, and people of color as well as the safety and security of biometric data and corresponding student privacy concerns.

Under an agreement reached with the Legislature to be passed in the upcoming Legislative Session, the state Office of InformationTechnology will work with the State EducationDepartmentand willseek feedback from teachers and parents, as well asexperts in school safety, security, data and student privacy issues. The studywilladdress specific considerations outlined in the legislation, including the technology's potential impact on student civil liberties and privacyand how the data collected would be used.

Senator Brian Kavanagh said, "It makes no sense to bring this aggressive surveillance technology into our schools when no one has made a compelling case, either that it will meaningfully improve security or that it can be used without violating the privacy and civil rights of students, staff, and visitors. This law will ensure that State education officials review this technology and vouch for it before any young people are subjected to it. I expect that they will conclude that it is neither necessary nor appropriate in schools. I thank Assemblymember Wallace for her leadership; the students, families and advocates for effectively challenging the use of this technology; and the Governor for signing this important legislation into law."

Assembly Member Monica P. Wallace said, "Before spending millions of dollars on this new and unproven technology, we owe it to students, parents, and taxpayers to take a hard look at whether facial recognition software is appropriate for use in schools. I thank Governor Cuomo for signing this legislation and recognizing the need to further study the issue. There are serious concerns about misidentification, misuse and data privacy that must be considered before allowing this technology to be used in schools across the state."

Where it finds biometric identifying technologyappropriate for useinschools, the study will alsoidentify restrictions and guidelines to govern its use.

The rest is here:

Governor Cuomo Signs Legislation Suspending Use and Directing Study of Facial Recognition Technology in Schools - ny.gov

Technology and Data Governance in Cities: Indian Cities at the Forefront of the Fight Against COVID-19 – World Economic Forum

In collaboration with the Ministry of Housing and Urban Affairs, Government of India and Deloitte

As a second wave of COVID-19 causes further economic and social disruption, smart data-driven cities, powered by smart infrastructure and solutions, are using data analytics and predictive modelling to help shape their pandemic response to limit the loss of human life and minimize economic disruption. This report presents the ways in which significant investments made in implementing smart solutions have enabled data-driven cities to provide robust responses to the COVID-19 pandemic.

This project assesses the initiatives undertaken by select cities and identifies common threads underlying their efficiency and effectiveness. The findings highlight how these cities used digital platforms and analytics to contact citizens and ensure coordinated data-driven decision-making.

This project was carried out jointly by the World Economic Forum, Deloitte India, and Indias Ministry of Housing and Urban Affairs (MoHUA).

See the original post:

Technology and Data Governance in Cities: Indian Cities at the Forefront of the Fight Against COVID-19 - World Economic Forum

Kvanto to Acquire 51% of Mobileware Technology to Combine and Expand Their Digital Payment Business in India – Yahoo Finance

Three Major Banks Currently Under Contract Prepare to Launch Application in 2021

COPENHAGEN, Denmark, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Kvanto Payment Services A/S (Kvanto) is pleased to announce the signing of an Agreement (The Agreement) with Mobileware Technology Pvt. Ltd. (MWT). Under the terms of the agreement, Kvanto will own 51% of MWT in India to pursue the implementation of Kvantos payment platform combined with MWTs existing payment processing technology and customer base. MWT will represent and move Kvanto forward through the exponentially growing digital payment processing market in India.

Mobileware has implemented digital banking products in leading banks in India, including Yes Bank and Kotak Mahindra Bank. Building on Kvantos success with its proven state-of-the-art platform and coverage that reaches over 400 banks worldwide, and Mobilewares long-standing business relationships in India, this ventures combined technology is expected to become operational throughout multiple banks in India.

The operational side of the business relationship has been in active development for over 2 years and is currently focused on an extensive ongoing testing plan where the platform has been successfully demonstrated and is preparing to go live.

Revenue from these initial contracts should commence in the 2nd quarter of 2021. By 2022, the total amount of annual transactions in this cooperation is expected to yield approximately USD $14 million directly to Kvanto, as their share of the annual transaction fees attributed to the Kvanto gateway. In addition, Kvanto will benefit from the 51% consolidation of MWT, which are expected to add a further $36 million to the consolidated revenue line in 2023.

In order to support the requirements of doing this business, as well as providing the Kvanto payment platform for other banks in India, we selected MWT as the right partner to work with, said Jesper Skorstengaard, CEO of Kvanto. MWT brings extensive experience and credibility to this marketplace which should accelerate our market access, he added.

Story continues

We look forward to representing Kvanto, said CEO of Mobileware Technologies, Satyajit Kanekar. We have great trust in the ability of the Kvanto platform and the deep knowledge into payments that the Kvanto team and relationship brings. Were very excited and convinced that we have found the right partnership for fast, escalating businesses here in India. Kvanto and Mobileware Techhnologies synergy presents the potential to become a major player in the digital payment space, he added.

The acquisition and valuation of MWT is subject to further due diligence and is expected to become effective no later than the listing date of Kvantos parent company, Kvanto Payment Services Ltd, on a recognized stock exchange in Canada, details which will be disclosed when finalized at a later date.

About Kvanto Payment Services:

Kvanto commenced operations in 2012 to compete in the rapidly changing digital payment solutions market. Client adoption proves Kvanto has the solutions to compete.

Kvanto has positioned itself as a premium European multi-connectivity payment service provider (holding a PSP-ISO), with a world-recognized payment gateway which integrates leading acquirers who handle different payment methods and payment cards linking to online and offline business efficiently, affordably and reliably.

The Kvanto organization boasts several decades of experience within the payment and financial industries. Its extensive network of partners and collaborators across the world is one of the key reasons why Kvanto is able to provide customers with a payment solution no matter where they operate from.

Kvanto Payment Services AS based in Denmark, is a 100% operating subsidiary owned by Kvanto Payments Services Ltd in Canada.

About Mobileware Technology:

Mobileware Technologies established in 2010, is known for its cost-effective stable technology platform and providing globally talented back-end operations. The Company has been successfully operating in the Mobile Banking domain since 2013. Mobileware is fully compliant and each product is secure in every new digital channel introduced by National Payment Corporation of India.

In 2018, Mobileware introduced TransXT a open Banking API platform to take banking to the next billion users with the aim to enable banks to avoid the costs, delays and frustration of recurrent integrations of their systems with those of new digital businesses.

For Further Information Contact:

Kvanto Payment Services A/S

CEO, Jesper V. SkorstengaardPhone: +45 4033 3396Mail: jvs@kvanto.comwww.kvanto.com

Disclaimer

All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Kvanto Payment Services A/S is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Continued here:

Kvanto to Acquire 51% of Mobileware Technology to Combine and Expand Their Digital Payment Business in India - Yahoo Finance

Signifier Medical Technologies Announces Award of UK NHS Supply Chain Tender – PRNewswire

BOSTON, and LONDON, Dec. 22, 2020 /PRNewswire/ --Signifier Medical Technologies ("Signifier" or "the Company"), an innovator in the sleep disordered breathing market, is pleased to announce the successful award of the UK Non-invasive Ventilation, Sleep Therapy and Sleep Monitoring Tender, which will confirm Signifier as an approved supplier to the UK's National Health Service (NHS).

This contract award gives Signifier direct access to the NHS supply chain, including the relevant coding, inventory and ordering systems, to enter the important UK NHS market. Yasser Zayni, Signifier's Regulatory & Quality Director, was instrumental in the process and commented that "this award will help to accelerate patient access to our innovative technology across the UK."

eXciteOSA is the only clinically proven daytime intraoral neuromuscular stimulation device to improve the quality of sleep by reducing sleep apnea and snoring significantly when used for 20 minutes once a day for six weeks1-4. The device has been designed to treat a wide range of patients with mild obstructive sleep apnea (OSA), in addition to primary snoring, by building endurance of the weak tongue and surrounding muscles known to be root causes of these conditions.

Signifier has also focused on digital OSA therapy interfaces for patients and clinicians. An intuitive app for use alongside the eXciteOSA device motivates a patient to achievehigh treatment compliance and to monitor progress. In addition, therapy data is available on Signifier's clinician portal, enabling the medical community to monitor and track results.

With European CE Mark approval, the Company is planning for wider expansion to support the commercialization and reimbursement of eXciteOSA in the UK, Germany and other major European markets. The Company has also established its US office in Boston and is building commercial operations there ahead of the anticipated approval and launch of eXciteOSA in the important US market.

Akhil Tripathi, CEO of Signifier, commented: "The light touch nature of eXciteOSA and its digital user interface and companion app means that it is a product ideally suited to current times. The award of this NHS contract reflects the hard work and commitment of our employees and is an important pillar of our commercial launch strategy, which will focus on HCPs (Health Care Professionals). We have a unique product backed by excellent clinical data, which we believe can make a significant difference to the lives of many patients suffering from sleep disordered breathing conditions and we look forward to bringing this product to patients more widely."

For high resolution images of eXciteOSA please contact [emailprotected]

For more information, please contact:

Signifier Medical Email: [emailprotected] Tel: +44 (0)20 7096 0586

Citigate Dewe Rogerson Frazer Hall/Mark Swallow Email: [emailprotected] Tel: +44 (0)20 7638 9571

Notes to Editors

About Signifier Medical Technologies Signifier Medical Technologies is a medical technology company focused on the development and commercialization of innovative and non-invasive solutions for patients with sleep disordered breathing conditions and snoring.

Signifier's proprietary therapy eXciteOSA is the first and only daytime genioglossal (tongue) muscle-neurostimulation technology for mild obstructive sleep apnea and snoring, supported by clinical data from prestigious and well-recognized universities and academic institutions, that provides a safe and effective treatment for its patients.1-3

For more information, please visit http://www.signifiermedical.com.

About OSA and Snoring Nearly 1 billion adults aged 30 to 69 years are estimated to have obstructive sleep apnea (OSA) globally. There is a strong, clinically proven link between OSA and co-morbidities like diabetes, hypertension, and strokes. Mild OSA affects over 110 million people in the US and 100 million people inEurope.

Obstructive sleep apnea is marked by the recurring collapse of the upper airways during sleep. The most common symptoms are restless sleep, snoring, tiredness during the day, decreased intellectual alertness, and personality alterations. Higher risks of cardiovascular diseases and increased mortality rates have been associated with OSA.

Standard therapy of all advanced levels of sleep apnea is with a continuous positive airway pressure (CPAP) device. Many patients find this therapy invasive, and the long-term compliance of CPAP therapy is limited, so there is a clear demand for new forms of treatment.

References

SOURCE Signifier Medical Technologies

See the original post here:

Signifier Medical Technologies Announces Award of UK NHS Supply Chain Tender - PRNewswire

How the pandemic inspired creative uses of technology in 2020 – The Verge

The year that brought us the coronavirus pandemic, murder hornets, and the deaths of Ruth Bader Ginsburg and Alex Trebek is probably one most people wont be sad to bid adieu. Parents and kids were stuck together during lockdowns, trying to manage remote school and work, and everyones feeling good and frayed at this point.

At the start of the pandemic, media was abuzz with the notion that this pandemic and the resulting lockdowns would be a boon for the creative process. Suffering and isolation, the logic goes, beget great works of art and literature: just look at Shakespeare, who apparently cranked out Macbeth, King Lear, and Antony and Cleopatra while quarantined during an outbreak of bubonic plague.

While we may not yet know if another Shakespeare found their muse during the current pandemic, plenty of people found their creative spark thanks to technology, with librarians, artists, and even epidemiologists using the tools at hand not just to distract from the tedium of lockdown, but to put forth new approaches to how we learn and connect with each other.

The easy-to-use format of Google Forms allowed librarians and teachers to create problem-solving exercises for students designed as digital versions of escape rooms. In addition to solving the puzzle of the game, the escape rooms let kids hone their geography, math, and reading comprehension skills, and are built around fun themes that included Star Wars, Harry Potter, Jurassic World, and Marvel superheroes. Not only did they take away some of the tedium and chaos of online teaching and learning, but the virtual escape rooms were tools for staff development and community building. Brooke Windsor, a librarian in Ontario, put it this way: We still want to sneak in that learning, broccoli-in-the-brownie style.

As big weddings were (mostly) canceled and postponed in 2020, UK wedding photographer Tim Dunk decided he needed another project to keep his creative juices flowing. I had to deal with the shock and financial implications of [the coronavirus] like any other photographer. It also threw up another challenge: how do we as creatives stay creative? Dunk wrote.

His solution: FaceTime photo shoots. The photo subject and Dunk connect on FaceTime, and he determines where the light in their house is best for a portrait. Then, using the Live Photo button on the iPhone (sorry, Android users) that lets you take photos during a FaceTime call, he snaps the pictures, then edits them in Lightroom. And 10 from every shoot he charges 50 for a set of 10 to 15 photos goes to the Trussell Trust, a UK-based charitable organization that supports food banks. Hes also created photo books of some of the portraits taken during the project, and he penned a how-to for other photographers.

Okay, so not all of the movies in Gads Reunited Apart YouTube series are from the 1980s, but the casts of Ferris Buellers Day Off, Ghostbusters, Splash, The Goonies, and Back to the Future meeting on Zoom brought back the faces of some cultural touchstones of the American Gen-X childhood. Each episode benefits a different charitable organization and garners thousands, and in some cases, millions of views. The One Zoom to Rule Them All episode featuring the cast of the Lord of the Rings drew 5.7 million views and benefited nonprofit organization No Kid Hungry. Everybody is going through the same craziness, trying to operate in a world thats still very new and complicated, where our sole connection is through the internet, Gad told The Guardian.

If any app is having a moment in 2020, its the ubiquitous TikTok fighting the Trump administration in court and at the same time becoming the most-downloaded app in the world over the summer. Jacksonville, Florida science teacher Nancy Bullard created a Mrs. B TV on TikTok, dressing like everything from an astronaut to a chicken in the name of science. Bullard guides students through science experiments they can do without parental supervision, so parents working from home can have a bit of a reprieve. The response from students has been overwhelmingly positive, Bullard said. Whether it is the latest dance trend or Fortnite, we have to find our kids on the platforms theyre comfortable with.

During the coronavirus pandemic, National Institute of Allergy and Infectious Diseases (NIAID) director Anthony Fauci has become one of its most recognizable faces and its an extremely expressive face that usually conveys what hes thinking. Epidemiologist Karen Sautter Errichetti needed a way to check in with how her students were coping with... everything... and created an unscientific chart based on the five-part Likert scale, using photos of Fauci on a one to five scale (later expanded to a nine-photo scale) so students could choose their mood for that day. Photos of the NIAID director smiling were the most difficult to find, Errichetti noted.

Word is that Fauci himself has seen the scale, which is not quite the introduction Errichetti envisioned; she and her colleagues consider him a rock star of sorts. Creating your own memes, Errichetti told me, thats a little bit of your own kind of medicine.

Go here to read the rest:

How the pandemic inspired creative uses of technology in 2020 - The Verge

Strategic Partnership between RSG101 and Nash Technologies Inc. announced to support COVID-19 efforts on Telemedicine – GlobeNewswire

Integrative Solution to Testing-Treatment on Demand

Teleclinic-lab with fast testing + treatment for COVID-19 and other common diseases

VANCOUVER, British Columbia, Dec. 22, 2020 (GLOBE NEWSWIRE) -- RSG101 &Nash Technologies Inc. (NTI) announced their strategic partnership that will create a new integrated solution for COVID-19 and other viruses. The partners will offer a telehealth/teleclinic solution, as an on-demand testing and control center for diseases. The all-in-one innovative, self-contained, and integrated solution, will enable investors, non-profits and other industries easy access to a solution that goes a long way towards supporting their efforts with COVID-19, as well as other viral and bacterial diseases.

Telehealth is a powerful tool to connect patients and care providers. A place where providers can test, monitor, diagnose, treat, and counsel patients for whom access to care is a struggle or not at all feasible. Telehealth creates convenient, accessible, affordable, and faster care. Many patients and entire communities have already benefited from a telehealth/teleclinic solution and now our focus is to stop and control the spread of COVID-19, as well as helping to prepare and get ahead of other common diseases and health affections.

An onsite lab equipped with correct technology allows for faster turn-around on test results. This means that care providers are able to make timely diagnoses and provide the best care and treatment to their patients. NTI's strategic partnership with RSG101 will enhance our vision and mission of supporting humanitarian operations domestically and around the globe. With this partnership, we'll be able to provide cutting edge technology in a platform that's optimized for the global logistics network, in order to service our clients needs," says NTI CEO Ian Nash.

RSG101, with a focus on resilience and stability, has designed an innovative community hub to facilitate disaster preparedness and response. The core of these scalable hubs consist of rapidly deployable resources that integrate and allow communities to develop and grow. Resources such as water, power, connectivity, shelter, medical clinics, classrooms, command and control units, and any other custom units required to support the basic needs of remote communities and enable economic growth.

RSG101 is a woman-owned small business proud to carry on with the purpose of growth and development of its global community especially in underserved areas. With a combined experience of over 30 years, a lesson learned philosophy, and acquired knowledge, this provides them the expertise and complete understanding to work even in locations where other organizations would not contemplate to go.

Their years of experience mean that their teams mobilize quickly, hit the ground, and establish our presence to perform our required tasks in a professional way that exceeds the expectations of our clients. From Urban Operations Training Environments to Habitable Structures. RSG101 offers turnkey solutions for military, law enforcement, disaster relief organizations, educational facilities, and businesses that are quick to deploy, cost-effective, and efficiently operated.

Nash Technologies Inc. (NTI) Works to promote a healthier and more humane world through the integration of world-class expertise and cutting-edge biometric and sensor technology. NTI, along with their partners provide Medical Units (MU) Healthcare Solutions which are rapidly deployable telehealth clinics that provide immediate access to medical care in situations such as natural disasters, military zones, or remote work environments.

Chris Bradley5879882344Chris@nashtech.ca

Originally posted here:

Strategic Partnership between RSG101 and Nash Technologies Inc. announced to support COVID-19 efforts on Telemedicine - GlobeNewswire

Coagulo Medical Technologies Announces $6.5 Million in Financing to Accelerate Delivery of Disruptive Coagulation Diagnostics Platform – Business Wire

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Coagulo Medical Technologies, an MIT-born startup that has developed the worlds first precision-medicine platform for comprehensive and targeted blood clotting management, today announced it has raised $6.5 million in financing from 20/20 HealthCare Partners, Sands Capital, Good Growth Capital, IAG Capital Partners and private investors. The Boston area diagnostics innovator also announced that it has been awarded a Small Business Innovation Research (SBIR) grant by the National Science Foundation to accelerate delivery of breakthrough innovations amid the global COVID19 public health crisis, which has called attention to the limitations of conventional coagulation tests.

Coagulos rapid, point-of-care device is a major advancement for personalized diagnosis and management of all coagulation-related diseases. The device is ultra-portable, requires just drops of blood and will provide vital, clinically-actionable information within 10 minutes. It leverages a proprietary and entirely novel approach to coagulation testing, which is capable of parsing through the entire coagulation cascade to pinpoint deficiency or inhibition of specific coagulation factors and quantifies their effect on clotting time.

Current coagulation testing methods were developed over a half-century ago, provide only general information on blood clotting function and cannot identify the specific cause of a clotting abnormality. Outdated testing technology is akin to a generic check engine light, whereas Coagulos test is designed to isolate the issue down to a specific diagnostic code. The device promises better health outcomes by permitting physicians to supplement clinical intuition with targeted information that they always wanted but no other technology could deliver, said Dr. Galit Frydman, CSO and President of the company. To be able to seamlessly deliver those comprehensive, sample-to-insight results using merely drops of blood, and to have that information within a clinically meaningful timeframe and at the bedside, will make Coagulos diagnostic platform a critical tool in meeting the ever-evolving challenges of coagulation management, added Jarrod Niebloom, Coagulos CEO and Chairman of the Board of Directors. No doubt the complex clotting issues that continue to be observed in patients with COVID19 epitomize just how antiquated existing diagnostic tools are and how pressing the clinical need is.

Coagulo has developed a platform that directly responds to current medical needs and, further, will support traditional tests like prothrombin time and activated partial thromboplastin time, said Hillel Bachrach, managing partner of 20/20 HealthCare Partners. We are excited to invest in Coagulo and to help accelerate their path to market as they up-end an industry that has seen very little innovation for decades.

20/20 HealthCare Partners, a global investment group based in Boston that invests at the early stage of technology and life science innovation, has led the investment.

About Coagulo:

Founded in 2018 and based out of Alexandria LaunchLabs, Coagulo licensed technology out of MIT and the Massachusetts General Hospital (MGH) developed by Dr. Galit Frydman, the companys CSO and President, who also holds appointments in the Division of Trauma, Emergency Surgery and Surgical Critical Care at MGH and in the Center for Biomedical Engineering at MIT. Coagulo has developed the next-generation of rapid, ultra-portable and comprehensive diagnostics for the personalized diagnosis and management of all coagulation-related diseases. Coagulos point-of-care device is not yet approved or cleared by the U.S. Food and Drug Administration for marketing in the United States.

http://www.coagulomed.com

See the original post here:

Coagulo Medical Technologies Announces $6.5 Million in Financing to Accelerate Delivery of Disruptive Coagulation Diagnostics Platform - Business Wire

Is Microsoft (MSFT) Outperforming Other Computer and Technology Stocks This Year? – Yahoo Finance

TipRanks

The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. Were still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.Its a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties faced by restaurants are getting more press, but for the cruise industry, corona has been a perfect storm.Prior to the pandemic, the cruise industry which had been doing $150 billion worth of business annually was expected to carry 32 million passengers in 2020. Thats all gone now. During the summer, the industry reeled when over 3,000 COVID cases were linked to 123 separate cruise ships, and resulted in 34 deaths. After such a difficult year, its useful to step back and take a snapshot of the industrys condition. JPMorgan analyst Brandt Montour has done just that, in a comprehensive review of the cruise industry generally and three cruise line giants in particular."We believe cruise shares can continue to grind higher in the near term, driven overwhelmingly by the broader vaccine backdrop/progress. Looking out further, operators will face plenty of headwinds when restarting/ramping operations in 2Q3Q21, but significant sequential improvement of revenues/cash flows over that period will likely dominate the narrative, and we believe investors will continue to look through short-term setbacks to a 2022 characterized by fully ramped capacity, near-full occupancies, and so far manageable pricing pressure," Montour opined.Against this backdrop, Montour has picked out two stocks that are worth the risk, and one that investors should avoid for now. Using TipRanks Stock Comparison tool, we lined up the three alongside each other to get the lowdown on what the near-term holds for these cruise line players.Royal Caribbean (RCL)The second-largest cruise line, Royal Caribbean, remains a top pick for Montour and his firm. The company has put its resources into facing and meeting the pandemics challenges, shoring up liquidity and both streamlining and modernizing the fleet.Maintaining liquidity has been the most pressing issue. While the company has resumed some cruising, and has even taken delivery of a new ship, the Silver Moon, most operations remain suspended. For Q3, the company reported adjusted earnings of -$5.62, below consensus of -$5.17. Management estimates the cash burn to be between $250 million and $290 million monthly. To combat that, RCL reported having $3.7 billion in liquidity at the end of September. That included $3 billion in cash on hand along with $700 million available through a credit facility. Total liquidity at the end of Q3 was down more than 9% from the end of Q2. Since the third quarter ended, RCL has added over $1 billion to its cash position, through an issue of $500 million senior notes and a sale of stock, putting an additional 8.33 million shares on the market at $60 each.In his note on Royal Caribbean, Montour writes, [We] are most constructive on OW-rated RCL, which we believe has the most compelling set of demand drivers... its extensive investments in premium priced new hardware, as well as consumer data, all set RCL up well to outgrow the industry in revenue metrics, margins, and ROIC over the longer term.Montour backs his Overweight (i.e. Buy) rating with a $91 price target. This figure represents a 30% upside potential for 2021. (To watch Montours track record, click here)Is the rest of the Street in agreement? As it turns out, the analyst consensus is more of a mixed bag. 4 Buy ratings and 6 Holds give RCL a Moderate Buy status. Meanwhile, the stock is selling for $69.58 per share, slightly above the $68.22 average price target. (See RCL stock analysis on TipRanks)Norwegian Cruise Line (NCLH)With a market cap of $7.45 billion and a fleet of 28 ships, Norwegian Cruise Line found its relatively smaller size as an advantage in this pandemic time. With a smaller and newer fleet, overhead costs, especially ship maintenance, were lower. These advantages dont mean that the company has avoided the storm. Earlier this month, Norwegian announced a prolongation of its suspension of voyages policy, covering all scheduled voyages from January 1, 2021 through February 28, 2021, plus selected voyages in March 2021. These cancellations come as Norwegians revenues are down in the third quarter, the top line was just $6.5 million, compared to $1.9 billion in the year-ago quarter. The company also reported a cash burn of $150 million per month.To combat the cash burn and minimal revenues, Norwegian, in November and December, took steps to improve liquidity. The company closed on $850 million in senior notes, at 5.875% and due in 2026, during November, and earlier this month closed an offering of common stock. The stock offering totaled 40 million shares at $20.80 per share. Together, the two offerings raised over $1.6 billion in new capital.On a more positive note, Norwegian is preparing for an eventual resumption of full services. The company announced, on Dec 7, a partnership with AtmosAir Solutions for the installation of air purification systems on all 28 vessels of its current fleet, using filtration technology known to defeat the coronavirus.JPMs Montour points out these advantages in his review of Norwegian, and sums up the bottom line: This coupled with a relatively newer, higher-end, brand/ship footprint would generally lead us to believe it was in a good position to outperform on pricing growth, though its demographics skewing to older age customers probably will remain a drag through 2021. Ultimately, NCLH is a high-quality asset within the broader cruise industry, with a higher beta to a cruise recovery, and it should see outperformance as the industry returns and investors look further out the risk spectrum.Montour gives the stock a $30 price target and an Overweight (i.e. Buy) rating. His target implies an upside of 27% on the one-year time frame.Norwegian is another cruise line with a Moderate Buy from the analyst consensus. This rating is based on 4 Buys, 4 Holds, and 1 Sell set in recent months. Like RCL above, the stock price here, $23.55, is currently higher than the average price target, $23.22. (See NCLH stock analysis on TipRanks)Carnival Corporation (CCL)Last up, Carnival, is the worlds largest cruise line, with a market cap of $23.25 billion, more than 100 ships across its brands, and over 700 destination ports. In normal times, this giant footprint gave the company an advantage; now, however, it has become an expensive liability. This is clear from the companys fiscal Q3 cash burn, which approached $770 million.Like the other big cruise companies, Carnival has extended its voyage cancellations, or, in the companys terms, the pause in operations. The Cunard line, one of Carnivals brands, has cancelled voyages on the Queen Mary 2 and the Queen Elizabeth through early June of next year. Carnival has also cancelled operations in February from the ports of Miami, Galveston, and Port Canaveral, and pushed back the inaugural voyage of the new ship Mardi Gras to the end of April 2021. These measures were taken in compliance with coronavirus restrictions.Carnivals shares and revenues are suffering deep losses this year. The stock is down 60% year-to-date, despite some recent price rallies since the end of October. Revenues fell to just $31 million in the fiscal third quarter, reported in September. Carnival reported a loss of nearly $3 billion in that quarter. The company did end the third quarter with over $8 billion in available cash, an impressive resource to face the difficult situation.This combination of strength and weakness led Montour to put a Neutral (i.e. Hold) rating on CCL shares. However, his $25 price target suggests a possible upside of 23%.In comments on Carnival, Montour wrote, [We] believe that some of the same relative net yield drags it saw in 2018-2019 due to its sheer size will likely become top of mind on the other side of this crisis However, given CCLs relative share discount, less pricing growth ahead of the crisis, and geographical diversification, we see it as the company with the least downside over the next few months and are not surprised by its recent outperformance. We believe this will reverse in the 2H21. Overall, Carnival has a Hold rating from the analyst consensus. This rating is based on 10 reviews, breaking down to 1 Buy, 8 Holds, and 1 Sell. The stock is selling for $20.28 and its $18.86 average price target implies a downside potential of ~7%. (See CCL stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Read the original here:

Is Microsoft (MSFT) Outperforming Other Computer and Technology Stocks This Year? - Yahoo Finance

Chromatography Market 2020-2024- Featuring Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corp., Among Others|Industry Analysis, Market…

LONDON--(BUSINESS WIRE)--The chromatography market is poised to grow by $ 4.13 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.

Worried about the impact of COVID-19 on your Business? Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour.

Get FREE Sample Report in Minutes!

The report on the chromatography market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for portable analytical systems.

The chromatography market analysis includes the technology segment, end-user segment and geography landscape. This study identifies the technological advances as one of the prime reasons driving the chromatography market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

The chromatography market covers the following areas:

Chromatography Market SizingChromatography Market ForecastChromatography Market Analysis

Companies Mentioned

Related Reports on Health Care Include:

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Technology

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

More:

Chromatography Market 2020-2024- Featuring Agilent Technologies Inc., Bio-Rad Laboratories Inc., Danaher Corp., Among Others|Industry Analysis, Market...

Palantir Technologies Looks to be Overvalued Now – InvestorPlace

Palantir Technologies(NYSE:PLTR) stock is a tech stock most closely associated with the Trump administration.

Source: rblfmr / Shutterstock.com

Thats unfair. While co-founder Peter Thiel is a big fan of President Donald Trump, the business is designed to thrive in any political environment.

The questions investors should ask are, what is the nature of the business, how big can it get, and what is that worth?

The answers are that Palantir (the name comes from the all-seeing stone inThe Lord of the Rings) is a data analysis firm with proprietary software, but that its not worth what people are paying for it.

In its S-1, Palantir claimed a total addressable market of $119 billion.

The companys market cap is nearly $49 billion. Based on the first three quarters of 2020, Palantir should do $1 billion in business this year. That means investors are already paying 49x revenue and 41% of its addressable market for the shares.

Thats too high. Especially as employees rushed for the exits when the stock was at $10. There are still shares subject to a lock-up that expires in March.

Palantirs business is to turn huge masses of government data into simple, actionable charts and graphs. While critics focus on Thiel, Trump, and contracts with the Department of Defense and U.S. Immigration and Customs Enforcement (ICE), thats not all of it. The stock rose sharply on a (relatively small) Food and Drug Administration contract, assessing safety data on drugs and other medical products. Palantir claims half its addressable market will be work done for the private sector.

Despite liberal qualms (and Im a liberal) there is a huge need for what Palantir does. Government and industry are collecting data theyre getting no knowledge from. This data is often stored in insecure systems, accessible by bad actors. Having a James Bond in this new cyberworld is essential. Thats what Palantir promises to be.

As essential as Palantirs work may be, however, there are limits to the valuation that can be placed on the stock. Palantir is spending money as fast as it comes in. Operating cash flow was negative in the last quarter. Losses have exceeded total revenue for the year.

Some of that loss comes from ramping up operations. Some comes from the costs of going public. But Palantir has also limited its addressable market, quite deliberately. Its not interested in working for those it deems bad guys or American adversaries. It will remain closely tied to U.S. government interests, regardless of the party in power.

Thiels politics may limit Palantirs growth under Biden, but I think those fears are overblown. The real limits to Palantir are its own choices on who to work with, the necessary secrecy deriving from that work, and the real quality of its software, which is inherently unknown.

In the end, Palantir is a black box. Its strengths and weaknesses are nearly unknowable. Its work is essential, but the value of that work is unknown.

Investors are being told to take the 10% fall in the stock during December as a gift, a reason to buy more shares. But investors buy government contractors for income, not as speculations. Thats because their markets are naturally limited by government secrecy, a world Palantir has embraced.

Palantir currently enjoys a cloud application valuation with a business which, at best, might turn out to be more likeLockheed Martin(NYSE:LMT). When you choose to work only for good guys, your growth is self-limited, no matter how good your black box is.

Once investors recognize that, they will see Palantir stock is overvalued.

On the date of publication, Dana Blankenhorn did not have (either directly or indirectly) any positions in any of the securities mentioned in this article.

Dana Blankenhornhas been a financial and technology journalist since 1978. He is the author of theenvironmental thrillerBridget OFlynn and the Bear,availableat the Amazon Kindle store. Write him atdanablankenhorn@gmail.comor follow him on Twitter at@danablankenhorn.

Read the original post:

Palantir Technologies Looks to be Overvalued Now - InvestorPlace

Cybersecurity, Communication Lead 2021 Top Five Technology Trends | State – The Elkhart Truth

JASPER, Ind., Dec. 22, 2020 /PRNewswire/ --Information technology (IT) underwent a major change in 2020 as organizations were forced to quickly adopt strategies to handle new cybersecurity threats and increased remote working and collaboration needs, according to Matrix Integration, a strategic IT solutions and managed services provider for more than 1,000 businesses and schools in the Midwest and beyond. Cybersecurity remains a top concern for 2021, as hackers continue to threaten organizations, particularly in energy/utilities, government, and manufacturing. 1

"Although every organization is putting more money towards cybersecurity, the ground is always shifting," said Rob Wildman, vice president of professional services at Matrix Integration. "It takes an overall investment in not just technology, but in people who understand the security environment and can work with the larger IT team to coordinate efforts to prevent, detect and mitigate threats."

In addition to cybersecurity, both businesses and technology experts expect a continuation of remote work and learning. In 2020, Matrix Integration worked with Cisco to design unified collaboration solutions for schools and businesses.

"The solution is powerful and flexible enough to work in the long-term," said Reggie Gresham, vice president of sales and marketing at Matrix. "The work we've done includes new cameras, endpoints, additional bandwidth, and easy-to-use software tools to facilitate all kinds of collaboration and e-learning scenarios."

For 2021, Matrix Integration predicts organizations will continue or increase their investment in these top five areas:

About Matrix IntegrationMatrix Integration is a trusted IT solutions and managed service provider that has been in business for 40 years. Winner of the 2019 Indiana Economic Development Center Small Business Impact Award, and the 2018 Indiana Women's Business Enterprise of the Year, Matrix Integration continues to be recognized on numerous industry lists including Diversity Business Top Business, CRN Solution Provider 500, CRN Managed Service Provider Elite 150, CRN Women of the Channel, and CRN Tech Elite 250. Strategic partners include Hewlett Packard Enterprise, Aruba, Microsoft, Cisco Systems, Barracuda, Meraki, VMware, and Veeam. With multiple locations in Indiana and Kentucky, Matrix Integration works closely with businesses and institutions to provide professional services, networking, data center, collaboration, computing, and security.

1 VMWare Carbon Black2020 Cybersecurity Outlook Report,https://www.carbonblack.com/resources/2020-cybersecurity-outlook-report/

2Accenture: Innovate for Cyber Resilience 2020, https://www.accenture.com/_acnmedia/PDF-116/Accenture-Cybersecurity-Report-2020.pdf

3Press release: "Gartner Forecasts Worldwide Public Cloud Revenue to Grow 6.3% in 2020," https://www.gartner.com/en/newsroom/press-releases/2020-07-23-gartner-forecasts-worldwide-public-cloud-revenue-to-grow-6point3-percent-in-2020

4IDC Cloud Pulse Q119 June 2019, referenced by HPE GreenLake. https://www.hpe.com/us/en/greenlake.html

Media ContactBeth Strautzinfo@vaguspr.com

Read more:

Cybersecurity, Communication Lead 2021 Top Five Technology Trends | State - The Elkhart Truth

Work starts on new Lincolnshire Institute of Technology – The Lincolnite

Greater Lincolnshire has been tipped to move to tier 4 by the new year, with 265 new coronavirus cases and 28 COVID-related deaths reported on Tuesday.

The governments COVID-19 dashboard recorded 196 new cases in Lincolnshire, 38 in North Lincolnshire and 31 in North East Lincolnshire.

On Tuesday, 24 deaths were registered in Lincolnshire, two in North Lincolnshire and two in North East Lincolnshire. These figures include deaths both in and out of hospitals, as well as residents in hospitals outside the county. Lincolnshires deaths have now surpassed 900 since the pandemic started.

NHS England reported six new local hospital deaths on Tuesday, including three at United Lincolnshire Hospital Trust and three at Northern Lincolnshire and Goole NHS Foundation Trust.

On Tuesday, national cases increased by 36,804 to 2,110,314 while deaths rose by 691 to 68,307.This is the UKs highest daily increase since the pandemic began, according to Sky News.

In local news, tier 4 is expected for Lincolnshire after Christmas amid the COVID-19 mutation.Assistant director of public health Tony McGinty said he expected a new variant, which is thought to be more infectious, will become the dominant virus.

This came as a temporary mortuary in Woodhall Spa set up in the first COVID-19 wave has been brought into operation after an increasing death toll in the county.

In response, health bosses have confirmed plans for 15 coronavirus vaccination sites in Lincolnshire, with two more hoped to be announced in the new year.

A Gainsborough takeaway has had its late night refreshment licence revoked for breaching coronavirus rules they had customers sat inside after 10pm and face coverings were not worn.

Nationally, anyone entering Greater Manchester or the West Midlands from tier 4 areas and Wales should self-isolate for 10 days and assume they have the new COVID-19 variant according to health officials.

The COVID-19 vaccine is highly likely to work on the new variant of the virus, said BioNTech, the developers of the Pfizer jab.

England has been warned of a new year lockdown after the governments chief scientific adviser said an extension of tier 4 restrictions may be needed.

Over 1,500 lorries are stuck in Kent waiting to leave the UK as politicians negotiate to reopen Frances border to trade and travel. They are set to have rapid COVID tests done by military in a deal with France, to get freight moving again.

Heres Greater Lincolnshires infection rate up to December 21 according to the government dashboard:

33,978 cases (up 265)

1,299 deaths (up 28)

of which 784 hospital deaths (up six)

2,110,314 UK cases, 68,307 deaths

Original post:

Work starts on new Lincolnshire Institute of Technology - The Lincolnite

Amazon developed really cool technology to aid workplace social distancing and anyone can use it free – ROI-NJ.com

At this point, those who cannot work remotely certainly know the importance of maintaining social distancing at their workstations. Whether they are in a factory, a health care facility, an airport or train station or any office where you just have to be there 6 feet is the rule when youre on the job.

Maintaining that distance when you go to the breakroom, down a main corridor or the stairs, or even through the entrance and exit isnt easy. Unfortunately, the COVID-19 virus doesnt hold off if youre keeping your distance most of the time. It needs to be all the time.

That was the impetus for the Distance Assistant, which Amazon created for its workforce in hundreds of locations around the country. It is in almost all New Jersey facilities.

Simply put, cameras are set up in key areas to capture everyone who walks through. Then, through artificial intelligence, it places a colored bubble around each person. Green? Youre good to go. Yellow? Youre starting to get too close. Red? Time to back off and create the required distance.

Amazons Heather MacDougall, vice president, worldwide, workplace health and safety, said its just one way the company is using technology to keep its millions of employees safe on the job.

Its a really useful tool for people to see in real time how theyre doing with social distancing, she said. We place this in areas where people step away from work. Theyre in sort of this lull, where theres this desire to want to go up and talk to the person that you see and to forget for a moment about the importance of social distancing.

The Distance Assistant is one of more than 150 new safety features the company has implemented or created since the global pandemic started. Its also one that the company is willingly giving away for free.

Its technology thats available now for anybody to download, she said. As long as you have a computer, and a camera, you can download the technology that weve crowdsourced and made publicly available so anybody can create their own Distance Assistant.

MacDougall said Amazon feels the technology serves the greater good and wants to share it with all. Its an example, she said, of how Amazon has made employee safety even the safety of employees at other companies a top priority.

Not everyone has access to the same technology, scientists or health and safety experts that we do, which is why I think its really important to focus on some of the basics, and then also to share our learnings with businesses, government and communities so that we can all learn and apply best practices where we can, she said.

The company shares the product and other ideas in a variety of ways, MacDougall said. There are national groups such as the National Safety Council or the U.S. Chamber of Commerce, or other employer community groups.

MacDougall said a lot of companies have reached out to Amazon individually. Sometimes, they are customers of Amazon Web Services, and they just want to hear how Amazon operations has been dealing with the pandemic. Other times, she said, its just a matter of picking up the phone. Amazon is happy to do so.

Then, there are the relationships she said the company has made with health authorities.

At the local level, county level, state level and the national level, its really important to have those discussions with others about what their expertise is, and what they want us to do, as well as share with them what we are doing, and constantly asking, Is this what you want to see? What more information can we share with you? she said.

MacDougall said the Distance Assistant originated from an existing process the company already had.

Weve deployed artificial intelligence and machine learning to our cameras footage that we already have in our buildings, she said. But we retrofitted them so that we could use our cameras to help site leaders identify areas that might have high traffic, where we need to implement additional measures to improve social distancing.

Through this technology, we saw an opportunity to take it a step further.

MacDougall said she hopes other companies will take advantage.

This is one that I think that a lot of people have been super-excited about, because its easy for any employer to implement, she said. And its thanks to our experts here at Amazon who saw a need and came up with an innovation thats easy to deploy.

Continue reading here:

Amazon developed really cool technology to aid workplace social distancing and anyone can use it free - ROI-NJ.com

We Already Have the Technology to Decarbonize U.S. Electricity – Gizmodo

Electric energy generating wind turbines are seen on a wind farm in the San Gorgonio Pass near Palm Springs, CaliforniaPhoto: David McNew (Getty Images)

Itll take a lot to transition the U.S. off fossil-based energy: money, political will, labor. But a new report shows it wont take new technological innovation. The study, published in the journal Joule last week, shows U.S. electricity demand can be met with currently available carbon-free tech, like solar panels and wind turbines. And we can do it in just seven years.

Waiting for a unproven technology like next-generation nuclear power or carbon capture plants wont save us from the climate crisis. The work needs to start now and the new study shows the tools are at the ready, and theres no time to waste given, the study notes, the short time frame for power-system decarbonization and the long development times for new technologies and supply chains.

The authors, both researchers at the Massachusetts Institute of Technology, modeled what it would take for utilities across the entire nation to move their electricity capacity to currently existing renewables, like solar, wind, and hydrothermal, backed up with short-term battery storage. They found that theres no need to wait for any moonshot technologies. The whole plan could rely solely on proven technologies of which 1 gigawatt of capacity has already been deployed.

The findings also show that the best way to move the country to 100% carbon-free energy is to implement a nationwide plan, rather than taking a state-by-state or regional approach. This would allow the states to take advantage of electricity being generated outside of their immediate vicinity, thereby allowing developers to only build out clean power plants in the areas where theyre best suited. That would also reduce the need for storage. Though implementing the plan would require more transmission infrastructure, that would ultimately be cheaper than locally generated power and storage.

G/O Media may get a commission

Currently existing statewide decarbonization plans like renewable portfolio standards, and regional plans like multi-state utilities climate pledges, could be scaled up to meet the challenges of a clean energy transition. But the authors modeling shows that its cheaper to work across these divides.

Inter-state coordination and transmission expansion reduce the system cost of electricity in a 100% renewable U.S. power system by 46% compared with a state-by-state approach, from $135 per megawatt hour to $73 per megawatt hour, they write.

They propose having the federal government guide the creation of regional carbon-free grids. These could power their surrounding areas as well as send power to other parts of the country. For instance, wind turbines in Texas could produce enough power to fuel the Southeast while the mid-Atlantic could use solar power from sunnier Florida and hydropower from rivers that flow across Maine. The plan would also make all regions more resilient to changes in the weather that can affect generation.

While the whole Northeast might be cloudy or calm on a given day, that same day might be sunny in the southeast or windy in the midwest, Patrick Brown, a postdoctoral researcher at the MIT Energy Initiative who co-authored the study, wrote in an email.

This strategy would also maximize intermittent energy sources (or ones that rely on particular environmental conditions to run, like the suns position or levels of windiness) by putting them in the places where they would run the best. And again, we have the technology to do thiswe wouldnt even need longer-lasting batteriesthan the ones we already have, though they might be nice.

We definitely do not conclude that we should stop doing [research and development] on new low-carbon techs; if new storage or nuclear technologies are developed they could reduce costs even further, Brown said. The point is just that we shouldnt wait for new techs, but should instead rapidly deploy wind and [solar] in conjunction with significant amounts of new transmission.

The authors dont claim implementing this plan would be easy. It will take a lot of work. But all of that work also means tens of millions of new jobs, and thats a good thing, especially considering how many have been laid off by the failing fossil fuel industry and how many are struggling with unemployment amid the covid-19 pandemic. These existing forms of sustainable power have also proved resilient to economic hardship like the fallout of the covid-19 pandemic, which hit fossil-based energy industries hard. A recent report even found that by the end of 2020, global renewable power capacity will increase 7%.

Personally, I find the study comforting. I prefer knowing we have to fight for deploying existing technologies at a massive scale rather than banking it all on a riskier bet of something currently fictional to be created. And considering leading scientists warnings that we need to transform the entire global economy in 10 years to ward off catastrophic climate change and environmental degradation, we dont really have time to waste.

See the original post:

We Already Have the Technology to Decarbonize U.S. Electricity - Gizmodo

SoCalGas to Test Technology that Could Transform Hydrogen Distribution and Enable Rapid Expansion of Hydrogen Fueling Stations – Yahoo Finance

New device separates hydrogen from natural gas when the two gases are blended in pipelines

LOS ANGELES, Dec. 16, 2020 /PRNewswire/ -- With clean hydrogen gaining recognition worldwide as the carbon-free fuel capable of making a significant contribution to addressing climate change, Southern California Gas Co. (SoCalGas) today announced it will field test a new technology that can simultaneously separate and compress hydrogen from a blend of hydrogen and natural gas. At scale, the technology would allow hydrogen to be easily and affordably transported via the natural gas pipeline system, then extracted and compressed at fueling stations that provide hydrogen for fuel cell electric vehicles (FCEVs). Created by Netherlands-based HyET Hydrogen, the technology is designed to provide pure highly-compressed hydrogen wherever a natural gas distribution system exists. A video illustrating the technology may be found here.

SoCalGas also recently announced a program to study blending hydrogen into its natural gas pipelines. If approved by regulators, the program would be the first step toward establishing a statewide standard for injecting hydrogen into the natural gas grid.

"This innovative technology could be a game-changer, allowing hydrogen to be distributed to wherever it is needed using the natural gas grid," said Neil Navin, vice president of clean energy innovations at SoCalGas. "As demand increases for zero-emissions vehicles such as fuel cell electric cars, California will need thousands more hydrogen fueling stationsand this technology may help make that possible."

"We are excited to deploy our newest technology in collaboration with SoCalGas," said Alexis Dubois, director of HyET Hydrogen USA. "Our gas separation system is designed to allow hydrogen to be transported across long distances affordably using existing natural gas pipelines. With this technology, hydrogen can become a commonly used fuel for transportation, industrial applications and more."

Story continues

"Hydrogen will be an important part of our clean energy future, and exciting new technologies like this will pave the way for zero emissions transportation in California," said Sen. Bob Archuleta (D-Pico Rivera). "I am fighting for investments in both hydrogen infrastructure and clean transportation programs in the state Legislature and will continue to do so. I am excited that the testing of this cutting-edge innovation will take place in the 32nd Senate District and I look forward to continuing to work with SoCalGas as we pursue our clean energy goals."

"This is innovative technology," said Bill Elrick, executive director of the California Fuel Cell Partnership. "It may provide a unique and strategic way to distribute large volumes of hydrogen fuel, helping decarbonize the transportation sector."

The new technology, called Electrochemical Hydrogen Purification and Compression (EHPC), works by applying an electrical current across a hydrogen-selective membrane to allow only hydrogen to permeate it while blocking the natural gas components. Continuously applying the electrical current builds up and pressurizes the hydrogen.

To test the technology, SoCalGas will blend hydrogen, in concentrations from 3 to 15%, with methane, the primary component of natural gas. That blend of gases will then be injected through a simulated natural gas pipeline testing system into the EHPC system to continuously extract and compress the hydrogen at a rate of 10 kg per day. SoCalGas' testing will provide performance data that will enable fine-tuning and optimization of the EHPC system to accelerate scaling up the technology. Within the next two years, the EHPC technology is expected to be scaled to produce 100 kg of hydrogen a day or more from a single EHPC system, enough to fill 20 fuel cell electric vehicles.

The project is scheduled to begin in March at SoCalGas' Engineering Analysis Center in Pico Rivera, California and slated to be complete by the third quarter of 2021.

About SoCalGas Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.

About HyET GroupHyET Hydrogen, headquartered in Arnhem, The Netherlands, is a leading company in the development and delivery of electrochemical hydrogen processing technologies that enable large-scale implementation of hydrogen transport modalities and high-pressure hydrogen storage. HyET Hydrogen is part of the HyET group that creates solutions to make renewable energy sources commercially viable. HyET group is focused on large-scale buffering of intermittent renewable energy, such as solar and wind, using high pressure hydrogen.

View original content to download multimedia:http://www.prnewswire.com/news-releases/socalgas-to-test-technology-that-could-transform-hydrogen-distribution-and-enable-rapid-expansion-of-hydrogen-fueling-stations-301194342.html

SOURCE Southern California Gas Company

Read the original post:

SoCalGas to Test Technology that Could Transform Hydrogen Distribution and Enable Rapid Expansion of Hydrogen Fueling Stations - Yahoo Finance

CIPS: future technology in supply chain & logistics | Technology – Supply Chain Digital – The Procurement & Supply Chain Platform

The future of supply chains is being transformed globally by the development of a more digitalised environment, where value chains are connected, and distribution systems are increasingly intelligent, autonomous and automated, stated CIPS.

When it comes to those that are striving to drive industry 4.0 in their operations, any strategy must begin with an understanding of their current level of maturity in their specific content or supply network, commented CIPS.

However immediate challenges and barriers for organisations include:

Industry 4.0: what it man for supply chain technology

Industry 4.0 represents the approach of the Fourth Industrial Revolution, where Information and Communication Technologies (ICT) form the infrastructural foundation for tomorrows innovative industrial technologies, defined CIPS.

The advanced technologies harnessed in Industry 4.0 is set to restructure the entire production system by transforming analogue and centralised workflows in ones that are digital and decentralised.

CIPS expected such advancements to drive huge improvements in relation to flexibility, efficiency and the automation of distribution, as well as eliminate unnecessary production costs; improve the transport of goods and services and business performance; increase throughput; reduce cycle times and maintain quality.

Read now, CIPSs Future technologies in supply chain and logistics 2020 report

How to prepare for industry 4.0

When it comes to developing smarter and better-connected supply chain networks, CIPS emphasises that Industry 4.0 will play a vital role in providing supply chain transparency, real-time tracking, better forecasting, critical thinking, improved judgement, a reduction of inefficiencies, and an increased automation of repetitive tasks.

Reasons why organisations are investing in supply chain technology

With CIPS reporting that those operating in supply chains are in a good position to reap the benefits of new technologies, with 66% already focusing on service delivery models, the company also states that those who invest in the big impact technologies may leap-frog their competitors over the coming decade.

16 technologies that are expected to disrupt the supply chain industry include: cloud computing, Big Data Analytics, internet of things (IoT), smart sensors, cyber physical systems, 3D printing (additive manufacturing), machine learning, virtual reality (VR), artificial intelligence (AI), manufacturing execution system, blockchain, drones, robots, collaborative robots, augmented reality (AR), and autonomous vehicles.

To read CIPSs latest reports on technology in supply chain and logistics, click here!

For more information on procurement, supply chain and logistics topics - please take a look at the latest edition of Supply Chain Digital.

Follow us on LinkedIn and Twitter.

Excerpt from:

CIPS: future technology in supply chain & logistics | Technology - Supply Chain Digital - The Procurement & Supply Chain Platform

Why Luminar Technologies Stock Jumped This Morning – The Motley Fool

What happened

Shares of lidar-sensor maker Luminar Technologies (NASDAQ:LAZR) were on the rebound on Wednesday morning, trading higher after it clarified the details of its deal to sell lidar units and software to Intel (NASDAQ:INTC) subsidiary Mobileye.

As of 10 a.m. EST, Luminar's shares were up about 10.3% from Monday's closing price.

Luminar's stock price got clobbered on Tuesday after Reuters reported that the CEO fo Mobileye, a key Luminar client, said that his company might develop its own lidar units in-house.

Understandably, that report led to concerns among Luminar investors. But it turns out it was something of a false alarm. In a statement released before the market opened on Wednesday, Mobileye and Luminar clarified that they are still very much doing business together, and there's no plan to change that.

Luminar's Hydra lidar system was developed from the start for automotive applications. Image source: Luminar Technologies.

Specifically, Luminar is still providing its technology to Mobileye's autonomous-vehicle program, which is aiming to launch a Level 4 self-driving taxi service in 2022. The companies, which have been working together for nearly two years, signed a deal in November in which Luminar agreed to supply lidar units to Mobileye at a price of less than $1,000 each once production is up to scale.

To sum up: Yes, Mobileye is toying with developing its own lidar units in-house. But it's not a definite thing, those units wouldn't be ready before 2025, and Luminar is and will continue to be Mobileye's lidar supplier in the meantime.

I think auto investors are right to view Luminar as one of the top lidar companies in the automotive space as of right now -- and to view lidar as a technology that's critical to self-driving vehicles as well as to the next generation of advanced driver-assist systems.

This is a hot industry, the competition is fierce, and Tuesday won't be the last time that a lidar stock makes an abrupt move up or down on breaking news. Investors who keep that in mind -- and stay focused on the larger picture -- could do well here.

Read more from the original source:

Why Luminar Technologies Stock Jumped This Morning - The Motley Fool

Engineering and Technology Management students achieve high pass rate on certification exam – Morehead State University News

December 15, 2020 Morehead State Universitys Department of Engineering and Technology Management (ETM) fall 2020 graduating class achieved a 90 percent pass rate on the Certified Technology Manager (CTM) Exam, earning them national certification.

The CTM Exam is nationally administered through the Association of Technology, Management and Applied Engineering (ATMAE) to certify accredited program graduates. The Department of Engineering and Technology Management has been accredited by ATMAE since 1998, with reaccreditation achieved through 2026. Twenty-seven of the 30 MSU students who took the exam passed it.

We are proud of ETM faculty and graduating seniors for their success, said School of Engineering and Computer Science Associate Dean Dr. Ahmad Zargari.

A minimum score of 95 out of 160 in leadership, self-management, systems, processes, operations, people, project, quality, risk and safety is required to pass the exam and qualify for certification.Certified Technology Manager is the initial certification status awarded by ATMAEs. Certification holders may report continuing education activity to be eligible for certified senior technology manager (CSTM) status.

MSUs ETM students take the Certified Technology Manager (CTM) exam before graduation in their senior year. The historical average national pass rate for the CTM exam is 69 percent.

To learn more about programs in the Department of Engineering and Technology Management, visitwww.moreheadstate.edu/etm, emailetm@moreheadstate.eduor call 606-783-2418.

Here is the original post:

Engineering and Technology Management students achieve high pass rate on certification exam - Morehead State University News

Queen Elizabeth Says Thank Goodness For Technology as She Carries Out Another Virtual Visit – TownandCountrymag.com

For months, the Queen has been unable to carry out her duties as normal because of the threat of COVID-19. However, she has embraced working digitally, and declared in a recent virtual visit: Thank goodness for technology, so one can still do this.

The Queen took part in a video call with accounting firm KPMG last week to mark their 150th anniversary, hearing the stories of four employees from across the UK. She also listened to the staff choir perform a pre-recorded version of "We Wish You a Merry Christmas," and described the singing as lovely. Dressed comfortably in a pale blue cardigan and white shirt, the Queen participated in the video call from Windsor Castle where she and Prince Philip are staying with selected staff and where they will spend Christmas.

It sounds as though its all going very well in spite of all the difficulties, the Queen said to the four staff members. It is difficult when people are used to being so close to each other, and everybodys been divided up so much. Well thank goodness for technology, so one can still do this.

Buckingham Palace

During the call, the Queen spoke to KPMG Partner John McCalla-Leacy, who was recently elected as KPMG UKs first black Board member and has spearheaded the firms work to improve inclusion and diversity. Per Buckingham Palace, John shared the firms commitment to diversity initiatives and their continued efforts to further inclusion in the accountancy profession. He also spoke about how, as a young athlete, he was supported by The Princes Trust and went on to become an international white-water canoe slalom competitor.

Maam, Id like to ask that you please pass on my sincere gratitude to HRH The Prince of Wales for The Princes Trust, John said. Receiving the support that I did and when I did changed my life and I will never forget it, nor will I cease in my efforts to work with my fellow partners and others to use my position of influence to support and encourage others.

The Queen replied: Ill indeed pass it on to my son, who is very proud of the idea of The Princes Trust, which I think has helped a lot of people. Also on the call were Bill Michael, the KPMGs UK Chair and Senior Partner, Jennifer Lee, KPMGs youngest Office Senior Partner, Cheryl Valentine, who joined KPMG as part of their Forces in the Firm military leavers program, and David McIntosh, who joined KPMG as an apprentice in 2017.

The video call was one of several that the Queen has carried out since making visits in person stopped being possible. She has also conducted audiences via video link, with the people she is greeting standing before a video screen in Buckingham Palace while she receives them on screen at Windsor. Buckingham Palace announced at the start of this month that the Queen and Philip will spend Christmas quietly at Windsor instead of making the traditional journey to Sandringham.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

Read this article:

Queen Elizabeth Says Thank Goodness For Technology as She Carries Out Another Virtual Visit - TownandCountrymag.com

Eyesight Technologies Changes Name to Cipia – Supply and Demand Chain Executive

Eyesight Technologies, a leading provider of in-cabin computer vision AI solutions for the automotive industry, changed its name to Cipia. With Cipia's unique market position, addressing the coming phases of advanced driver monitoring systems (DMS) and emerging occupancy monitoring systems (OMS) market, the company selected a name to support its vision for the future of automotive experiences - AI solutions that improve the safety and overall automotive experience by understanding the behavior and activities of the driver and passengers.

The name Cipia is inspired by our brain's occipital lobe where humans derive meaning from the sense of vision. The occipital lobe 'translates' what we see into an understanding of the environment around us, and the name Cipia was born to reflect the company's vision and its intelligent sensing capabilities. With the evolution of Cipia from its beginnings in classic computer-vision to today's neural networks based technology and evolving algorithms, administering context and understanding to the environment, the name Cipia is not merely a cosmetic change, but also a name that pays homage to both the rich past of the company, as well as representing the promise of the future.

In 2018, responding to a growing need and emerging market demand, Cipia leveraged its computer vision AI expertise to pivot its focus to the automotive in-cabin sensing market. The shift to become an automotive company was accompanied by the development of new capabilities pertaining to higher levels of analyzing human factors. The combination of advanced computer vision AI and introduction of meta-analysis, enabled Cipia to evolve and create AI based solutions that not only see the driver, but also understand the state of the driver and occupants.

"We are on a continuing journey to push the boundaries of computer vision AI and deliver cutting edge solutions to our customers," said David Tolub CEO of Cipia. "Our technology has evolved, taking its inspiration from the neural networks and the higher level logic of the brain, and we decided that our name must encompassthe breadth and richness of our journey as a company. We look forward to continuing to work with our partners to provide state of the art solutions for automotive experience."

View original post here:

Eyesight Technologies Changes Name to Cipia - Supply and Demand Chain Executive