Source: United Nations (Video News)
UN personnel often work under incredibly challenging circumstances, especially in the deep field where the security situation is volatile and emergencies or critical incidents are the norm. On this #WorldMentalHealthDay, we celebrate all stress counsellors who promote #MentalHealthintheWorkplace.
Source: United States of America – Federal Government Departments (video statements)
U.S. Customs and Border Protection (CBP) Senior Official Performing the Duties of the Commissioner Troy A. Miller was in Nogales, Arizona, meeting with local CBP leadership and workforce from across Southern Arizona. While in Arizona, Mr. Miller hosted a media availability to discuss CBP’s enhanced enforcement efforts that are enhancing the safety and security of our communities.
Instagram ➤ https://instagram.com/CBPgov
Facebook ➤ https://facebook.com/CBPgov
Twitter ➤ https://twitter.com/CBP
Official Website ➤ https://www.cbp.gov
#cbp
#lawenforcement
#bordersecurity
Source: United States of America – Federal Government Departments (video statements)
Our Federal Highway Administration (FHWA) announced the immediate availability of $100 million in Emergency Relief funds for the North Carolina Department of Transportation to help pay for the costs of immediate emergency work resulting from Hurricane Helene flood damage.
FHWA Acting Administrator Kristin White traveled to North Carolina to join Gov. Roy Cooper to see recovery efforts underway after Hurricane Helene.
Source: Government of India (2)
Posted On: 10 OCT 2024 5:53PM by PIB Delhi
Union Minister of State (Independent Charge) for Science and Technology, MoS (I/C) for Earth Sciences, MoS PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr Jitendra Singh today chaired a joint meeting of senior officials from all Science Ministries and Departments.
The Minister reviewed the progress of ongoing projects and budget utilization, emphasising synergy and breaking down silos to enhance coordination and efficiency.
Dr. Jitendra Singh emphasized the need for timely and optimal use of budgetary resources, urging officials from key departments, including the Department of Science & Technology, Department of Biotechnology, ISRO, CSIR/DSIR, Ministry of Earth Sciences, Department of Space and the Department of Atomic Energy to accelerate their work on several projects announced by Prime Minister Narendra Modi.
The Minister also reviewed the status of projects announced during the Budget this year and the Budget over the last decade. He also took up follow up discussion on Anusandhan National Research Foundation (ANRF).
In line with the government’s focus on transparency and citizen engagement, Dr. Jitendra Singh called on senior officials to leverage social media platforms more actively. “Our presence must be felt on social media, particularly to engage with the younger generation,” the Minister stated, highlighting the importance of effective communication to showcase India’s scientific progress.
The meeting is part of Dr. Jitendra Singh’s ongoing efforts to create synergy among the various science departments, ensuring that resources are used efficiently and that projects are delivered on time. He also took stock of the projects highlighted in the PRAGATI platform and directed officials to fast-track their completion.
The Minister’s strong focus on accountability, efficiency, and outreach underscores the government’s commitment to driving India’s scientific and technological progress.
Dr Jitendra Singh also shared the Mantra of sustainable ecosystem based on pooling of knowledge and resources in collaboration with the non-governmental sectors in PPP mode.
The Minister highlighted the importance of early industry linkage and multiplication of benefits for common people when initiatives like these achieve scale and volume. He also assured that all the departments under ministry will act in coordination to achieve the common objective.
The department also sought his guidance of further integration and improvement of the portal to become a single nodal joint for all scientific departments.
Dr. Jitendra Singh reviewed the present status of ‘One common portal’ for all kinds of scientific research.
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NKR/DK
(Release ID: 2063893) Visitor Counter : 67
Source: United Nations (Video News)
Noon briefing by Farhan Haq, Deputy Spokesperson for the Secretary-General.
Highlights:
– Lebanon
– Lebanon/Humanitarian
– Syria
– Occupied Palestinian Territory
– Secretary-General Travel
– Deputy Secretary-General
– Sudan
– Central African Republic
– Myanmar
– Protection of children
– World Mental Health Day
– Guest today
Lebanon
The UN Interim Force in Lebanon (UNIFIL) issued a statement this morning saying that two of its peacekeepers were injured after an IDF Merkava tank fired its weapon toward an observation tower at UNIFIL’s headquarters in Naqoura, directly hitting it and causing them to fall. The injuries are fortunately – this time – not serious, but the peacekeepers remain in hospital.
In a separate incident, Israel Defense Force (IDF) soldiers also fired on UN position (UNP) 1-31 in Labbouneh, hitting the entrance to the bunker where peacekeepers were sheltering, and damaging vehicles and a communications system. An IDF drone was observed flying inside the UN position up to the bunker entrance.
Also, UNIFIL says that, yesterday, IDF soldiers deliberately fired at and disabled the position’s perimeter-monitoring cameras. They also deliberately fired on UNP 1-32A in Ras Naqoura – where regular Tripartite meetings were held before the conflict began. Lights and a relay station were damaged.
UNIFIL reminds the IDF and all parties of their obligations to ensure the safety and security of UN personnel and property and to respect the inviolability of UN premises at all times. UNIFIL peacekeepers are present in south Lebanon to support a return to stability under a Security Council mandate. Any deliberate attack on peacekeepers is a grave violation of international humanitarian law and of Security Council Resolution 1701. Our peacekeepers are following up with the IDF on these matters.
This comes as the recent escalation along the Blue Line is causing widespread destruction of towns and villages in south Lebanon, while rockets continue to be launched towards Israel, including civilian areas.
In the past days, our peacekeepers say incursions from Israel into Lebanon were seen in Naqoura and other areas. IDF soldiers have clashed with Hizbullah elements on the ground in Lebanon.
Later this afternoon, the Under-Secretary-General for Political and Peacebuilding Affairs, Rosemary DiCarlo, and the Under-Secretary-General for Peace Operations, Jean-Pierre Lacroix, will brief Security Council members on the situation in Lebanon. That meeting will be followed by consultations.
Lebanon/Humanitarian
The Office for the Coordination of Humanitarian Affairs says that despite the challenges and a tense security situation, humanitarian organizations continue to deliver aid in coordination with national and local authorities.
Today, a joint mission comprising UN and NGO partners delivered 12 trucks of aid to the towns of Rmeish, Ain Ebel, and Debel in the south of the country. The supplies included food, water, hygiene kits and will support more than 4,000 people. This was the first mission there since July 2024.
UNICEF has also delivered 33 tons of medical supplies to the Ministry of Public Health, including emergency health kits to ensure safe deliveries for pregnant women, as well as essential medicine.
To maintain these efforts, additional funding is urgently needed. While commitments are appreciated, immediate contributions to the $426 million Flash Appeal – which is 12 per cent funded – are vital to continue the response.
Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=10%20October%202024
Source: Government of India (2)
About 4.97 lakh plant saplings planted so far, under the plantation drive ‘Ek Ped Maa Ke Naam’ by the various PSUs of the department
3884 Pradhan Mantri Kisan Sammrudhi Kendras (PMKSK), have been identified as the Campaign sites under the Swachhata Special Campaign 4.0 initiatives with an aim to improve the PMKSKs with clean premises, enhanced facilities and easy accessibility for farmers
Posted On: 10 OCT 2024 6:13PM by PIB Delhi
Department of Fertilizers (DoF), Ministry of Chemicals and Fertilizers, Government of India and its 9 PSUs observed ‘Swachhata – Pakhwada’ from 01.09.2024 to 15.09.2024 and ‘Swachhata Hi Seva’ Campaign from 17.09.2024 to 01.10.2024 respectively.
The Swachhata Pledge was undertaken in the Department of Fertilizers on 17.9.2024 in which officers/staff participated in the event. The Plantation drives under ‘Ek Ped Maa Ke Naam’ are currently underway among the PSUs of Department of Fertilizers, Indian Farmers Fertilizer Cooperative Limited (IFFCO), Krishak Bharati Cooperative Limited (KRIBHCO) etc. About 4.97 lakh plant saplings have been planted so far, under ‘Ek Ped Maa Ke Naam’ by the various PSUs of DoF, IFFCO, KRIBHCO etc.
Besides, Shramdaan activities, Essay writing and Quiz Competition were also conducted in which officers/staff in DoF actively participated in the said events. A Webinar on avoidance of ‘Single Use Plastics’ was conducted in DoF, in coordination with RCF on 10.09.2024 through Video Conferencing.
Swachhata Special Campaign 4.0 is also being observed by the Department of Fertilizers and its 09 PSUs from 2ndOctober, 2024 to 31st October, 2024. PSUs under DoF have been sensitised to gear up for the Swachhata Special Campaign 4.0 initiatives for further institutionalizing cleanliness and also to reduce pendency/redundancy.
3884 Pradhan Mantri Kisan Sammrudhi Kendras (PMKSK), have been identified as the Campaign sites under the Swachhata Special Campaign 4.0 initiatives relating to Department of Fertilizers with an aim to improve the PMKSKs with clean premises, enhanced facilities and easy accessibility for farmers.
Besides, all efforts will be ensured by the Department of Fertilizers and its PSUs for making progress towards the review and weeding out of old files (both physical and e-files) as per the Record Retention Schedule, disposal of Public Grievances, digitization of records, reduction of paper work, disposal of the e-waste, as well as scrap material etc so that efficiency and space availability gets improved. The progress of Special Campaign 4.0 will be monitored on a dedicated portal http://www.scdpm.gov.in by DARPG and updated information will be uploaded in the SCDPM portal by the Department of Fertilizers on a regular basis.
The Department of Administrative Reforms and Public Grievances (DARPG) has released Guidelines to implement the Special Campaign 4.0 from 2nd October to 31st October, 2024, in order to achieve the goals of institutionalizing Swachhata and reducing pendency in Government offices.
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MV/AKS
(Release ID: 2063911) Visitor Counter : 51
Source: Government of India (2)
SARAS Mela will also have a learning pavilion and knowledge sharing pavilion specifically for capacity building of women self-help groups
Posted On: 10 OCT 2024 6:04PM by PIB Delhi
The Ministry of Rural Development and National Institute of Rural Development and Panchayati Raj (NIRDPR) is organizing the SARAS Ajeevika Mela for the third consecutive year from 13th October to 29th October 2024 at Leisure Valley Ground in Sector 29, Gurugram. More than 900 rural women artisans from around 30 states are participating in the SARAS Mela. The fair will showcase products from different states such as Tussar sarees, Bagh prints, Patola sarees from Gujarat, Katha sarees from West Bengal, Rajasthani prints, Chanderi sarees from Madhya Pradesh, woolen products and natural food products from Himachal-Uttarakhand, wooden products from Karnataka and Andhra Pradesh, various dry fruits and handloom products from Jammu and Kashmir, Palash products and natural food from Jharkhand along with different varieties of products from rural culture across India will be on display at the fair.
In the fair, self help group’s Didis will be provided with knowledge about Various Ministries of the Government (various departments of Ministry of Rural Development, Ministry of Agriculture and Farmers Welfare, Ministry of Micro, Small and Medium Enterprises, Rural Development, Ministry of Commerce and Industry, Ministry of Textiles etc.) through special capacity building of women self help groups learning pavilion and knowledge sharing pavilion. Under various ministries’ schemes, the Didi’s of the self help groups will be connected and informed about various means of livelihood and various training programs will also be organized for their skill development.
Apart from this, a SARAS Food Court will also be set up in Gurugram SARAS Mela featuring 50 live food stalls from about 25 states. There will be dishes from all over India including Rajasthani Kair Sangri-Gatta ki Sabzi, Bengal’s Fish Curry, Telangana Chicken, Bihar’s Litti Chokha, Punjab’s Sarso Ka Saag and Makki Ki Roti. Cultural programs will be organized every day in the fair and arrangements have also been made for a kid’s zone for children’s sports and entertainment. Lakhs of visitors and customers from the national capital region including Delhi-Gurugram will participate in the fair. All arrangements are being made keeping in mind the convenience of the visitors. Keeping transparency in mind, arrangements have been made for online registration/nomination of self-help groups in this SARAS Aajeevika Mela. B.C. Sakhi and journalist sisters from Jharkhand and Uttar Pradesh will also participate in the fair.
This time, a North-East Pavilion has also been set up at the Gurugram SARAS Mela so that priority can be given to the North-Eastern states and state-wise pavilions will be made for each state to give them priority. Medical help desk and ambulance facilities will be available for health services at the fair. The contribution of Gurugram district administration and Haryana State Livelihood Mission is also being taken to provide various facilities to the women of self-help groups and to make the fair a success.
With the support of the Ministry of Rural Development (Government of India) and the National Institute of Rural Development and Panchayati Raj (NIRDPR), SARAS Melas have been organized for the last 26 years. This has provided employment opportunities to lakhs of rural women and lakhs of women have learned marketing skills as well.
The Ministry of Rural Development, in collaboration with National Institute of Rural Development and Panchayati Raj (NIRDPR) under Deen Dayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), is providing a marketing platform through SARAS Melas to rural women self-help groups to sell their products. Through SARAS Melas, members of rural women self-help groups get an opportunity to directly communicate with urban customers, know the market interest and accordingly determine the pricing of their products by improving the packaging of their products.
Through SARAS Melas, women of rural self-help groups are not only creating livelihood opportunities but are also setting a great example of women empowerment in the country. This is definitely a milestone in the livelihood journey. SARAS Melas are being organized continuously since the year 1999. The living standards of lakhs of women have improved through these fairs.
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SS
(Release ID: 2063900) Visitor Counter : 38
Source: Government of India
Posted On: 10 OCT 2024 6:51PM by PIB Delhi
The Department of Revenue (DoR), Ministry of Finance, is observing the Special Campaign 4.0 from 2nd to 31st October, 2024, with a focus on clearing pending matters and ensuring the Swachhta (cleanliness) of office premises.
During the earlier period Of Special Campaign 3.0 in 2023, the DoR disposed of a total of 12 pending references from Members of Parliament, 110 Public Grievances and 110 Public Grievances Appeals. Further, a total of 580 physical files were weeded out after being reviewed. Further with the scrap disposal, revenue of Rs. 9600/- was also generated. These campaigns have resulted in an overall improvement in the office atmosphere, with better space management and a healthier working environment.
This year also the DoR has formulated a comprehensive plan for clearing pendency, cleanliness, space management, beautification of the offices and review and weeding out of old files.
During the Execution Phase, also known as Phase-II, disposal of all identified pending matters and site cleaning exercises will be undertaken. During the Special Campaign 4.0, the DoR is committed to set new benchmark in efficiency and cleanliness further contributing to a cleaner and more effective governance.
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NB/KMN
(Release ID: 2063930) Visitor Counter : 27
Source: Government of India
Posted On: 10 OCT 2024 6:40PM by PIB Delhi
The President of India, Smt. Droupadi Murmu has sent her greetings to her fellow citizens on the eve of Durga Puja.
In a message, the President has said, “On the auspicious occasion of Durga Puja, I extend my warm greetings and best wishes to all Indians living in India and abroad.
Durga Puja is celebrated as victory of good over evil. Goddess Durga is considered the symbol of Shakti. It is a festival of devotion and during this period we take our spiritual journey to a higher level of consciousness. This festival is an occasion to fully devote ourselves to Goddess Durga and promote unity and understanding among all religions.
Let us pray that Maa Durga give us strength, courage and determination to create a just, sensitive and equitable society.
On this auspicious occasion of propitiating Mahashakti, let us resolve to treat women with utmost respect and regard”.
Please click here to see the President messgae –
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MJPS/SR
(Release ID: 2063924) Visitor Counter : 23
Source: Government of India (2)
Posted On: 10 OCT 2024 7:14PM by PIB Delhi
Your Excellency, Prime Minister Sonexay Siphandone,
Your Majesty,
Excellencies,
Namaskar।
Today, I am honored to participate in this meeting for the eleventh time alongside the ASEAN family.
Ten years ago, I announced India’s ‘Act East’ policy. Over the past decade, this initiative has revitalized the historic ties between India and ASEAN countries, infusing them with renewed energy, direction, and momentum.
Giving importance to ASEAN centrality, we launched the Indo-Pacific Oceans Initiative in 2019. This initiative complements the “ASEAN Outlook on the Indo-Pacific.”
Last year, we initiated maritime exercises to enhance regional security and stability.
Over the last 10 years, our trade with the ASEAN region has nearly doubled, surpassing USD 130 billion.
Today, India has direct flight connectivity with seven ASEAN countries, and soon, direct flights to Brunei will also commence.
Additionally, we have opened a new embassy in Timor-Leste.
In the ASEAN region, Singapore was the first country with which we established FinTech connectivity, and this success is now being emulated in other nations.
Our development partnership is founded on a people-centric approach. Over 300 ASEAN students have benefited from scholarships at Nalanda University. A Network of Universities has been launched.
We have also worked to preserve our shared heritage and legacy in Laos, Cambodia, Vietnam, Myanmar, and Indonesia.
Whether during the COVID pandemic or in response to natural disasters, we have provided mutual assistance and fulfilled our humanitarian responsibilities.
Funds for collaboration in various sectors, including the Science and Technology Fund, Digital Fund, and Green Fund, have been established. India has contributed over USD 30 million to these initiatives. As a result, our cooperation now spans from underwater projects to space exploration. In other words, our partnership has significantly broadened in every aspect over the past decade.
And, it is a matter of great satisfaction that in 2022, we elevated it to the status of a ‘Comprehensive Strategic Partnership.’
Friends,
We are neighbors, partners in the Global South, and a rapidly growing region in the world. We are peace-loving nations, that respect each other’s national integrity and sovereignty, and we are committed to ensuring a bright future for our youth.
I believe that the 21st century is the “Asian Century,” a century for India and ASEAN countries. Today, when there is conflict and tension in many parts of the world, the friendship, coordination, dialogue and cooperation between India and ASEAN are of utmost importance.
I would like to extend my heartfelt congratulations to Prime Minister Sonexay Siphandone of the Lao P.D.R. for successful chairmanship of ASEAN.
I am confident that today’s meeting will bring new dimensions to the India-ASEAN partnership.
Thank you very much.
DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered
Source: Government of India (2)
PM Modi is a rare combination of vision, experience and commitment
PHD Chamber of Commerce and Industry is an important link between industry and the government
PHD Chamber should implement policies, plans and vision of the government and communicate the pressing issues of industry to the government
In the last 10 years, Prime Minister Modi has laid the foundation of making India rank one in every field in the World
PM Modi took the country out of ‘policy paralysis’ and established the politics of performance
Indian economy, which earlier figured among the ‘Fragile Five’, has emerged as a ‘bright spot’ in the World, under the leadership of PM Modi
The public banking system, which was in shambles before 2014, has earned a profit of ₹1.40 lakh crore in FY 2023-24, under the leadership of Prime Minister Modi
By abolishing more than 2000 colonial laws and more than 39,000 compliances, Modi government made the lives of people easier
PM Modi has established a research foundation at a cost of ₹50 thousand crores, which will take India to the top in the field of research in the world in the next 25 years
Union Home Minister Shri Amit Shah pays tribute to the renowned industrialist Ratan Tata on his demise
Ratan Tata ji was a respected figure not only in Indian industrial sector but globally as well, he has left behind a legacy which will continue to guide leaders in the industrial sector for a long time
Ratan Tata ji worked to build a good society by solving all the problems of the country through his trust
Posted On: 10 OCT 2024 7:04PM by PIB Delhi
Union Home Minister and Minister of Cooperation, Shri Amit Shah today addressed the 119th Annual Session of PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi as the Chief Guest. The theme of this year’s annual session was ‘Viksit Bharat @ 2047: Marching Towards the Peak of Progress’. Around 1500 business persons, Chartered Accountants, bankers, advocates etc. from the industry participated in the event.
Union Home Minister Shri Amit Shah began his address with tributes to the renowned industrialist Shri Ratan Tata, who passed away last night in Mumbai. Shri Amit Shah said that Shri Ratan Tata has been a respected figure not only in the Indian industrial sector but globally as well. He took charge of the Tata Group at a time when the group needed several changes, and Ratan Tata patiently transformed all the businesses of his group and working practices. Shri Shah said that even today, the Tata Group stands as a pole star in India’s industrial landscape. He added that Ratan Tata led his industrial group to a prominent position in the country and globally while adhering to integrity and following all the rules and regulations. Shri Shah also said that through his Trust, Ratan Tata made efforts to address the country’s various problems and contribute to building a better society. He said that Shri Ratan Tata’s legacy will continue to guide industry leaders for a long time.
Union Home Minister said that this year is going to be a decisive one for Indian industry, and it is at such a time that the 119th annual convention of PHD Chamber of Commerce and Industry (PHDCCI) is being organized. He said that today, there seems to be a crisis of trust in countries worldwide. He said that Shri Narendra Modi, first as the Chief Minister and then as the Prime Minister of the country, has continuously been winning the trust of the people democratically for the past 23 years. Shri Shah said that without stability, policies cannot be implemented effectively and security and development cannot be ensured. He added that stability brings continuity in policies, ideas, and development. Shri Shah further said that PM Modi has get this vast country rid of many problems over the past 10 years and he is now leading the nation for the third consecutive time.
Shri Amit Shah said that today’s theme ‘Viksit Bharat @ 2047: Marching Towards the Peak of Progress’ is very appropriate. He said that Prime Minister Modi has set two major goals before us: India will become a fully developed nation when the country celebrates the centenary of its independence in 2047 and by 2027, India will become the world’s third-largest economy. He said that to achieve these two goals, PM Modi has been working tirelessly for the past 10 years through various policies and programs. Shri Shah emphasized that PM Modi has implemented visionary policies aimed at developing infrastructure in the country, making India a global manufacturing hub, creating an investment-friendly ecosystem, building a skilled work-force, promoting research and development, pioneering India in emerging technologies like advanced computing, and initiating new ventures in fields like deep-sea exploration, the maritime economy, and space. He added that Prime Minister Modi has not only formulated these policies but also made continuous efforts to ensure their implementation.
Union Home Minister said that PHD Chamber of Commerce and Industry is a bridge between the industry and the Government. He said that in the coming times, PHD Chamber has to implement the policies, plans and vision of the government and convey the problems of the industry to the government. He added that we have achieved a lot in the last 10 years. Infrastructure like the world’s longest highway tunnel, the world’s highest railway bridge, Mumbai’s world-famous Trans-Harbour Link and Kolkata’s underwater metro have been built in the last 10 years. Shri Shah said that in Andaman-Nicobar Islands and Lakshadweep, work has been done to utilize business opportunities and strengthen these islands from a security point of view by bringing connectivity to remote areas through underwater optical fibre.
Shri Amit Shah said that every Indian took great pride when Indian flag was hoisted at the Shiva Shakti Point on the Moon. Connecting the underdeveloped regions of the country through the SagarMala project, weaving a network of Vande Bharat Express trains to open a new avenue for comfortable travel in the country, advancing in semiconductor manufacturing to meet not only ours but also needs of the entire world, bringing a new revolution in electric vehicles, and increasing FDI to record levels, making India the fourth-largest holder of foreign exchange reserves in the world, are significant achievements for us.
Union Home Minister said that we are the fastest-growing start-up economy in the world. We have successfully launched the world’s largest digital payment system, which many countries are now adopting. He said that along with this, Prime Minister Modi has introduced the world’s largest grain storage plan based in cooperatives. Shri Shah said that from food security to health security, we have covered all dimensions, and in the past 10 years under PM Modi’s leadership, the foundation has been laid for India to be at the forefront in every field over the next 25 years. He said that when vision, experience, and commitment come together in one individual, and that individual is the Prime Minister, the country benefits immensely, and Shri Narendra Modi is an excellent example of this.
Shri Amit Shah said that India is a democracy where people decide who should lead the government. He said that without a comparative study, we cannot make a proper evaluation of the work done. He emphasized the need to look at the comparative situation of the country in 2014 and 2024. He stated that before 2014, everyone used to say that our country was suffering from policy paralysis and no policies were being made, but PM Modi ended this policy paralysis, created numerous policies and brought in politics of performance. Shri Shah added that today, there is no sector where a permanent policy hasn’t been formulated. Earlier, India was amongst the “Fragile Five,” but today, the International Monetary Fund (IMF) calls us a “bright spot” in the global economy.
Union Home Minister and Minister of Cooperation highlighted that under infrastructure development, projects like the Zoji La tunnel, Chenab rail bridge, and the bridge in Assam are there for everyone to see. He said that earlier, India used to have double-digit inflation, but today we are confidently moving toward double-digit growth. He said that for many years, India’s growth rate has been the highest among G20 countries. Shri Shah said that global investors had lost confidence in India, but today India has become a preferred destination for manufacturing. Shri Shah said that in 2021-22, we attracted a record Foreign Direct Investment (FDI) of $85 billion. He said that today we are leading in many sectors like digital payments. Before 2014, scams worth ₹12 lakh crore had taken place, but in the 10 years of the Modi government, even our opponents cannot accuse us of corruption.
Shri Amit Shah said that during previous government, terrorism, bomb blasts, and Naxalism had become severe issues for the country, but today we can confidently say that whether it’s Kashmir, Left-Wing Extremism affected areas, or the Northeast, we have successfully eliminated terrorism and extremism. He mentioned that in the Ease of Doing Business rankings, India was previously placed at the 142nd position, but today we have risen to the 63rd position. He also highlighted that the entire banking system was in a fragile state, but in 2023-24, government banks earned a profit of ₹1.40 lakh crore. New policies have been introduced in every sector, helping the country move forward.
Union Home Minister said that if the country wants to progress, it must have a new education policy, and Prime Minister Shri Narendra Modi brought a New Education Policy that has globalized education while incorporating our heritage. He said that initiatives like GST, Digital India, Bharatmala, SagarMala, PM Gati Shakti, and Startup India have propelled the country forward in all directions.
Shri Amit Shah said that under the leadership of Prime Minister Shri Narendra Modi and the principle of “Minimum Government, Maximum Governance”, 2,000 outdated colonial laws have been abolished, and over 39,000 compliances across various sectors have been eliminated. He highlighted that in the past 10 years, 80 crore people have been receiving 5 kg of free grain per person, houses provided to 4 crore poor, 15 crore households have received piped water, more than 11 crore people have been given free gas connections, and over 12 crore toilets have been built under the leadership of Prime Minister Shri Narendra Modi. Shri Shah said that Prime Minister Modi has alleviated the concerns of millions and transformed India into a market of 130 crore people. He said that when 60 crore people are excluded from the country’s development process, the country can never progress. Today, with 130 crore people engaged in the nation’s development process, our growth rate has surged upward.
Union Home Minister and Minister of Cooperation said that the Modi government has made significant efforts in the field of research. He said that for the first time, a research foundation has been established with a budget of ₹50,000 crore. He expressed confidence that in the next 25 years, India will be at the forefront of global research. Shri Shah mentioned that Prime Minister Modi has worked extensively across various sectors. In terms of internet users, India ranks second in the world, while it ranks first in global Fintech adoption and smartphone data consumption. He further highlighted that today half of the world’s daily digital transactions take place in India.
Shri Amit Shah said that Indian industries must now work towards changing both their size and scale. He emphasized the need for companies to go global and that to establish India’s dominance worldwide, our chambers and industries need to make decisive moves.
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RK/ASH/PR/PS
(Release ID: 2063932) Visitor Counter : 115
Source: Government of India
Posted On: 10 OCT 2024 7:42PM by PIB Delhi
The Department of School Education and Literacy (DoSEL), Ministry of Education, organized a national online workshop on Mental Health and Cyber Security for the engagement of youth on World Mental Health Day today. The workshop had two sessions on mental health by Dr. Rajesh Sagar, Professor (MD), Psychiatry Department at AIIMS Delhi and on cyber security by and Dr. Rashmi Sharma Yadav, DCP, Indian Cybercrime Coordination Centre, MHA. The workshop was broadcast live on YouTube, reaching over 20 lakh students and educators nationwide.
Shri Vipin Kumar, Additional Secretary, DoSEL, highlighted the importance of mental well-being and safe utilization of the internet among students. He emphasized the necessity of early intervention to mitigate the potential adverse effects of mental health challenges in today’s digital age.
Smt. Archana Sharma Awasthi, Joint Secretary, DoSEL, reinforced the commitment of the National Education Policy 2020 to prioritize student well-being. She highlighted the significance of mental health for both students and educators and exhorted everybody to attentively listen and follow the advice given by the experts to maintain good mental health and prevent themselves from being victims of cybercrime.
Dr. Rajesh Sagar provided valuable insights into prevalent mental health issues such as stress, anxiety, and depression. He emphasized that nearly 50% of mental health disorders emerge before the age of 14, advocating for early intervention. Dr. Sagar identified common stressors including academic pressure, parental conflicts, and bullying, and shared effective coping strategies, such as deep breathing and cognitive restructuring, to foster a happier childhood.
In her presentation, Dr. Rashmi Sharma Yadav highlighted the importance of cyber hygiene and security for children. She outlined preventive measures against cyberbullying, grooming, and fraudulent online gaming applications. She encouraged students to report cyber fraud through the helpline 1930 and @cyberdost, stressing the importance of responsible internet use, parental awareness, and safeguarding personal information. Both experts suggested that students should share any issues arising with their elders like parents and teachers.
The workshop engaged students from classes VI to XII from Navodaya Vidyalaya Samiti, Kendriya Vidyalaya Sangathan, Kasturba Gandhi Balika Vidyalayas, CBSE and state government schools across the country and was simultaneously presented in sign language, ensuring accessibility for all participants. The initiative received widespread appreciation from attendees, reflecting a collective commitment to fostering a safer and healthier educational environment.
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SS/AK
(Release ID: 2063950) Visitor Counter : 18
Source: Government of India (2)
Posted On: 10 OCT 2024 7:16PM by PIB Delhi
On 5th October, 2024, Dr Rajiv Mani, Secretary, Legislative Department visited the premises of the Department including Record Room, various Sections and digitization unit. After this, a review meeting was convened on 7/10/2024 under the Chairmanship of Secretary, LD wherein instructions were issued to keep the Sections as well common area clean and thrive to meet the target of digitization of 1 Cr. Pages.
Thereafter, Shri R.K. Pattanayak, Joint Secretary (Admn-II)/Nodal Officer visited various Sections of this Department and monitored the progress of digitization, weeding out etc. and reviewed all matters related to Special Campaign 4.0.
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SB/DP/ARJ
(Release ID: 2063936) Visitor Counter : 45
Source: Government of India
Posted On: 10 OCT 2024 8:36PM by PIB Delhi
Your Majesty,
Excellencies,
Thank you all for your valuable insights and suggestions. We are committed to strengthening the Comprehensive Strategic Partnership between India and ASEAN. I am confident that together we will continue to strive for human welfare, regional peace, stability, and prosperity.
We will continue to take steps to enhance not only physical connectivity but also economic, digital, cultural, and spiritual ties.
Friends,
In the context of this year’s ASEAN Summit theme, “Enhancing Connectivity and Resilience,” I would like to share a few thoughts.
Today is the tenth day of the tenth month, so I would like to share ten suggestions.
First, to promote tourism between us, we could declare 2025 as the “ASEAN-India Year of Tourism.” For this initiative, India will commit USD 5 million.
Second, to commemorate a decade of India’s Act East Policy, we could organise a variety of events between India and ASEAN countries. By connecting our artists, youth, entrepreneurs, and think tanks etc., we can include initiatives such as a Music Festival, Youth Summit, Hackathon, and Start-up Festival as part of this celebration.
Third, under the “India-ASEAN Science and Technology Fund,” we could hold an annual Women Scientists’ Conclave.
Fourth, the number of Masters scholarships for students from ASEAN countries at the newly established Nalanda University will be increased twofold. Additionally, a new scholarship scheme for ASEAN students at India’s agricultural universities will also be launched starting this year.
Fifth, the review of the “ASEAN-India Trade in Goods Agreement” should be completed by 2025. This will strengthen our economic relations and will help in creating a secure, resilient and reliable supply chain.
Sixth, for disaster resilience, USD 5 million will be allocated from the “ASEAN-India Fund.” India’s National Disaster Management Authority and the ASEAN Humanitarian Assistance Centre can work together in this area.
Seventh, to ensure Health Resilience, the ASEAN-India Health Ministers Meeting can be institutionalised. Furthermore, we invite two experts from each ASEAN country to attend India’s Annual National Cancer Grid ‘Vishwam Conference.’
Eighth, for digital and cyber resilience, a cyber policy dialogue between India and ASEAN can be institutionalised.
Ninth, to promote a Green Future, I propose organising workshops on green hydrogen involving experts from India and ASEAN countries.
And tenth, for climate resilience, I urge all of you to join our campaign, ” Ek Ped Maa Ke Naam” (Plant for Mother).
I am confident that my ten ideas will gain your support. And our teams will collaborate to implement them.
Thank you very much.
DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered
Source: Government of India (2)
Posted On: 10 OCT 2024 8:07PM by PIB Delhi
Your Majesty,
Excellencies,
I express my gratitude for our positive discussions today and for all your valuable insights and suggestions.
I would also like to express my sincere gratitude to Prime Minister Sonexay Siphandone for the successful organization of today’s summit.
The two Joint Statements we have adopted to strengthen digital transformation and our Comprehensive Strategic Partnership will lay the groundwork for our collaboration in future. I commend all for this achievement.
I would like to express my gratitude to Singapore for its positive role as India’s Country Coordinator in ASEAN over the past three years. Thanks to your support, we have made unprecedented progress in India-ASEAN relations. I also welcome and congratulate the Philippines as our new Country Coordinator.
I am confident that we will continue to collaborate for the bright future of two billion people and for regional peace, stability, and prosperity.
Once again, I extend my heartfelt congratulations to the Prime Minister of Lao P.D.R. for the exemplary chairmanship of ASEAN.
As Malaysia assumes the mantle of the next chair, I convey my best wishes on behalf of 1.4 billion Indians.
You can rely on India’s unwavering support for success of your Chairmanship.
Thank you very much.
DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered
Source: New Zealand Government
The Government Policy Statement (GPS) on electricity clearly sets out the Government’s role in delivering affordable and secure electricity at internationally competitive prices, Energy Minister Simeon Brown says.
“New Zealand’s economic growth and prosperity relies on Kiwi households and businesses having access to affordable and secure electricity at internationally competitive prices. This is one of the Government’s top priorities,” Mr Brown says.
“The GPS outlines our expectation that the Electricity Authority will drive a more competitive, fuel agnostic, electricity sector that works in the long-term interests of consumers and avoid excessive prices.
“We know that in the coming years New Zealand will see greater electrification of transport and process heat. This will shift demand from imported fuels towards domestically produced electricity, and see more distributed electricity generation brought online to bolster regional resilience.
“The Government has a goal of doubling renewable electricity generation to meet this increase in demand, and has committed to policy decisions that would enable more private investment in generation.
The GPS provides certainty about the Government’s role in the sector. This certainty will help create a stable investment environment for renewable energy to drive affordability through security of supply.
“Previous government interventions pushed prices up and had a chilling effect on investment. The GPS confirms the role for Government is to ensure the market settings are right, to enable the private sector to invest and consumers to take advantage of innovations,” Mr Brown says.
The Electricity Authority will now have regard to the GPS as they work to ensure the market setting are right to unleash private sector investment and to enable consumers to take advantage of innovations in energy supply.
Source: Communications Workers of America
(Bethesda, Md.)—Today, retail workers at the Bethesda Row Apple store in Maryland filed for a union election with the National Labor Relations Board. Over 70% of the group of 59 workers have signed union authorization cards, including workers in a range of retail, repair, and other job roles. The Bethesda Row Apple store workers will be represented by CWA.
The filing comes nearly three weeks after Apple retail workers in Oklahoma City, represented by the Communications Workers of America (CWA), became the second store in the U.S. to secure a tentative contract agreement with the tech giant.
“It has been inspiring to see our colleagues in Oklahoma City and Towson organize and win better working conditions and job protections at the bargaining table. Their efforts have made it clear that a union is not only better for workers, but better for the company. My colleagues and I at the Apple Bethesda Row store in Maryland care deeply about our jobs and want to secure the transparency, pay, benefits, and job stability that we deserve.” said Peter Cascio, Operations specialist at Apple.
“With a voice on the job, we will now have the collective power to hold Apple accountable to its retail credo and to get the rights we deserve. We’re excited to be standing shoulder-to-shoulder with other workers as part of Apple Retail Union-CWA to ensure that Apple continues to be a positive place to work, providing high-quality service to its consumer base,” said Jimmy Hemmig, Technical expert at Apple.
With support for labor unions near record highs, momentum for union organizing has been building among Apple retail workers. Instead of recognizing changing attitudes and embracing the opportunity to give workers a meaningful say in their working conditions, Apple executives have worked with anti-union consultants to deploy aggressive, sometimes illegal, tactics to prevent workers from making a free and fair choice about whether or not to join a union. Workers at the CWA-represented Apple store in Oklahoma City and the IAM-represented store in Towson, Md., have overcome Apple’s attempts to intimidate them and secured legally enforceable contracts that provide the security and stability they need to provide the high levels of service Apple customers expect.
“My hope with our union is to make it easier for us to do our best work and to further our relationship not just with each other, but with our community. We have one of the most loyal customer bases in any retail industry. We want to make sure Apple allows us to do our best by our customers because it strengthens their trust in Apple as a company. We want to accomplish these things without compromising ourselves and our own values, and to make sure we get compensated fairly while pursuing our passion,” said Jan Molina, Product Specialist at Apple.
“We’re honored to welcome the workers at the Bethesda Row Apple store in Maryland as members of CWA. Increasingly more and more workers in the DMV are exercising their right to organize, bringing greater protections to union members in the tech and video game industry. In the past, we’ve seen Apple choose to undermine its employees’ right to organize. We call on Apple to change course, live up to its credo, and respect workers’ right to form a union,” said Johnny Brown, President of CWA Local 2108.
Apple workers interested in improving their working conditions and having the protections of a union contract should visit this site to learn more about organizing.
###
The Campaign to Organize Digital Employees (CODE-CWA) is a network of worker-organizers and their staff working every single day to build the voice and power necessary to ensure the future of the tech, game, and digital industries in the United States and Canada. CODE-CWA is a project of the Communications Workers of America, which represents hundreds of thousands of workers throughout tech, media, telecom, and other industries who stand together to fight for justice on the job and in our communities.
cwa-union.org @cwaunion
Source: GlobeNewswire (MIL-OSI)
TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions settling between October 1, 2024 and October 7, 2024 (the “Acquisitions”), ThreeD acquired ownership and control of an aggregate of 1,483,000 common shares of the Company (the “Subject Shares”). The Subject Shares represented approximately 1.4% of all issued and outstanding common shares of the Company. As a result of the Acquisitions, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Actor”) increased above 2%, on a partially diluted basis, from the last early warning report filed.
Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 14,776,257 common shares, 2,241,250 common share purchase warrants of the Company, and 50,000 stock options, representing approximately 13.8% of all issued and outstanding common shares of AVCN (or approximately 15.6% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 8,707,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 8.1% of the issued and outstanding common shares of AVCN (or approximately 9.5% on a partially diluted basis, assuming exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 5.7% of the issued and outstanding shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).
Immediately following the Acquisitions, ThreeD and the Joint Actor own and control an aggregate of 16,259,257 common shares, 2,241,250 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 15.2% of all issued and outstanding common shares of AVCN (or approximately 17.0% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 10,190,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 9.5% of the issued and outstanding common shares of AVCN (or approximately 10.9% on a partially diluted basis assuming the exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing 5.7% of the issued and outstanding common shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).
The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.
The Subject Shares were acquired through the facilities of the Toronto Stock Exchange for total consideration of $571,407, or approximately $0.385 per Subject Share.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
| For further information: |
| Matthew Davis, CPA |
| Chief Financial Officer and Corporate Secretary |
| davis@threedcap.com |
| Phone: 416-941-8900 |
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Source: New Zealand Police (National News)
Police have charged a man over an unprovoked assault on an Auckland bus driver.
Auckland City West Police have been investigating an assault that occurred in the Kingsland area last Friday, 4 October.
Area Commander Inspector Alisse Robertson says the bus had stopped on New North Road at the time.
“The offender allegedly struck the driver, before running away from the bus,” she says.
“Our staff attended at the time and began to make enquiries into the matter.”
Overnight, Police located a 25-year-old Henderson man and arrested him.
He has been charged with assault and will appear in the Auckland District Court today.
Inspector Robertson says: “I know when these events occur it impacts the staff and commuters who use these services.
“More than 13,500 bus services alone operate across our city every day, most without incident.
“There is no place for violence, and when these incidents occur we will continue to identify and prosecute offenders.”
ENDS.
Jarred Williamson/NZ Police
Source: GlobeNewswire (MIL-OSI)
UNIONDALE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Parent” or “Arbor”) (NYSE:ABR) announced today that its subsidiary, Arbor Realty SR, Inc. (the “Company”), has closed the private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Parent.
The Company expects that the net proceeds of this offering will be used to pay down debt and for general corporate purposes.
Piper Sandler & Co. acted as sole placement agent for this offering.
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered and sold in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
Contact:
Arbor Realty Trust, Inc.
Paul Elenio, Chief Financial Officer
516-506-4422
pelenio@arbor.com
Source: GlobeNewswire (MIL-OSI)
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook. Titled “Fed Rate Cuts Are Positive for Leveraged Credit (With a Few Caveats),” the report explores the outlook for high yield corporate bonds and leveraged loans as the Federal Reserve (Fed) cuts interest rates.
Among the highlights in the report:
For more information, please visit http://www.guggenheiminvestments.com.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $235 billion1 in total assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 235+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.
1. Guggenheim Investments Assets Under Management are as of 6.30.2024 and include leverage of $15.1bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.
Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Investors in asset-backed securities, including mortgage-backed securities and collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, such as credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate.
This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy, or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.
This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC, or its subsidiaries. The opinions contained herein are subject to change without notice. Forward-looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.
Media Contact
Gerard Carney
Guggenheim Partners
310.871.9208
Gerard.Carney@guggenheimpartners.com
Source: GlobeNewswire (MIL-OSI)
HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced its quarterly dividend on common shares with respect to the third quarter of 2024.
Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.
The Company will report its third quarter 2024 financial results before the market opens for trading on Tuesday, November 5, 2024 and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2024 third quarter financial results.
Event Information
Event: Targa Resources Corp. Third Quarter 2024 Earnings Webcast and Presentation
Date: Tuesday, November 5, 2024
Time: 11:00 a.m. Eastern Time
Webcast: www.targaresources.com under “Events and Presentations” or directly at https://edge.media-server.com/mmc/p/yf8cw4hf
Replay Information
A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.
About Targa Resources Corp.
Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.
Targa is a FORTUNE 500 company and is included in the S&P 500.
For more information, please visit the Company’s website at http://www.targaresources.com.
Forward-Looking Statements
Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, the timing and success of business development efforts and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact the Company’s investor relations department by email at
InvestorRelations@targaresources.com or by phone at (713) 584-1133.
Sanjay Lad
Vice President, Finance & Investor Relations
William Byers
Chief Financial Officer
Jennifer Kneale
President – Finance and Administration
Source: GlobeNewswire (MIL-OSI)
FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) — LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords. The capital will be used to help support the growth of the business organically and through acquisitions as it continues to redefine the landlord experience by simplifying the entire lifecycle of property management under one solution.
More than 700,000 independent landlords across the U.S. use TurboTenant’s all-in-one online property management platform for critical processes including finding and screening tenants, rent payments, and lease agreements. The company’s freemium model allows TurboTenant to onboard hundreds of landlords per day and scale up with them through additional subscription services.
“TurboTenant is a well-known brand with highly satisfied customers in a fast-growing, yet still largely underserved, software market,” said Cheng Li, Principal at LLR Partners. “Independent landlords are one of the last real estate markets with significant opportunity for technology adoption and optimization. We believe TurboTenant’s brand strength, leadership team, and business model have positioned the company well to continue its path to market leadership.”
Several dynamics are affecting the real estate sector, including high interest rates, low housing affordability, low inventory, and stabilizing rent prices. These are driving many Americans to continue to rent rather than buy their first home, while others choose to rent out their former homes after moving. TurboTenant sees that many of its users shift from manual methods, like pen and paper, to its software for a more streamlined property management process.
“It was clear to us that LLR understands the space and has developed a clear thesis that can help TurboTenant capture this market,” said Seamus Nally, CEO of TurboTenant. “We are excited to partner with the LLR team to leverage their industry knowledge and value creation capabilities to expand our platform to help meet the many needs of the 14.1 million individual landlords¹ in the U.S. as they accomplish their goals through thriving real estate businesses.”
TurboTenant’s previous investors remain minority shareholders in the business. This is LLR’s fourth investment in real estate technology, having invested in Appspace, Mortgage Coach, and Stealth Monitoring.
About TurboTenant
More than 700,000 independent landlords across the U.S. enjoy TurboTenant’s all-in-one online property management solutions, including rental applications, tenant screening, rent payments, and lease agreements. Please contact press@turbotenant.com or visit turbotenant.com for more information.
About LLR Partners
LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $7 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at https://www.llrpartners.com/.
Footnotes:
Contacts:
Emily Oakes
LLR Partners 484-467-8517
Harrison Stevens
TurboTenant
press@turbotenant.com
Source: GlobeNewswire (MIL-OSI)
Bakersfield, CA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah.
TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Trio announced oil production from its first well HSO 2-4.
Initial test results at the HSO 2-4 well have since been encouraging, with mobile oil and fluids already showing a significant oil cut while dewatering occurs. The fluids are a result of an initial temperature test where water was pumped downhole which will not be done in the future.
TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured a two-month Option extension and now has until December 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres.
The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.
About Trio Petroleum Corp
Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns a 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to an additional 17.75% working interest in the 960 acres, and also a 20% working interest in an adjacent 1,920 acres, and a right of first refusal to participate in up to a 20% working interest in an additional approximate 30,000 acres of the Asphalt Ridge Project with other third parties.
Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Trio’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, http://www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Relations Contact:
Redwood Empire Financial Communications
Michael Bayes
(404) 809 4172
michael@redwoodefc.com
Source: GlobeNewswire (MIL-OSI)
Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors
Rehovot, Israel, Oct. 10, 2024 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (AI)-based edge computing technology, today announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. (“Maris North America”).
The move marks a significant milestone in Maris-Tech’s ongoing global growth and reaffirms the Company’s commitment to delivering cutting-edge solutions for the defense and homeland security (HLS) sectors – both undergoing major growth in the U.S. The HLS market is predicted to be worth US$264.98 billion by 2034 at a CAGR of 6.01% from 2024 to 2034, and the defense market is forecasted to grow by US$169.43 billion at a CAGR of 4.91% between 2023 and 2028.
Maris North America will serve as the strategic hub for Maris-Tech’s operations across the U.S., further enhancing its ability to deliver localized support and forge new business relationships in North America.
In line with this expansion, we have entered into consulting agreements with two highly experienced business development, marketing and sales professionals, who we believe will be instrumental in driving growth and capturing new opportunities in the U.S. market. These new consultants bring extensive expertise in the defense and HLS industries, and their contributions will be essential as Maris-Tech continues to build its U.S. customer base.
“Our decision to establish Maris North America is a significant step in our global expansion strategy,” said Israel Bar, CEO of Maris-Tech. “With the engagement of two industry-leading consultants, we are confident that we can establish a strong foothold in the U.S. defense and homeland security markets. We expect our U.S. presence to boost our sales efforts and enable us to deliver more tailored, localized support to our growing customer base across North America.”
With its innovative AI-driven video solutions, Maris-Tech continues to deliver high-performance edge computing technology that enhances situational awareness and operational efficiency for customers worldwide.
About Maris-Tech Ltd.
Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israel technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS) and communication industries worldwide. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.
For more information, visit https://www.maris-tech.com/
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing Maris-Tech’s ongoing global growth and specifically growth and new future opportunities in the U.S. market, growth estimations of the HLS and the defense market, that Maris North America will increase sales efforts and further enhance the Company’s ability to deliver localized support and forge new business relationships in North America, that the two new consultants will be instrumental in driving growth and capturing new opportunities in the U.S. market, and that the U.S. presence will be critical as Maris-Tech continues to build its U.S. customer base. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations:
Nir Bussy, Chief Financial Officer
Tel: +972-72-2424022
Nir@maris-tech.com
Source: GlobeNewswire (MIL-OSI)
EASTON, Md., Oct. 10, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced a new, long-term ground lease agreement at Lake Mariner (“New Ground Lease”) that supports the Company’s expansion into high-performance computing (HPC) and AI data centers and positions TeraWulf to attract long-term, high-quality customers.
The New Ground Lease with Somerset Operating Company, LLC (“Somerset”) replaces the original Lake Mariner lease, which was entered into in May 2021 and had ten years remaining. The New Ground Lease has a term of 35 years, with an option to extend for an additional 45 years, and increases the Lake Mariner land area by nearly 50%, expanding from 107 acres to 157 acres. Importantly, the New Ground Lease includes no escalation in annual lease payments on a per acre basis when compared to the original Lake Mariner lease and also grants TeraWulf exclusive access to infrastructure capacity of up to 750 MW, facilitating the Company’s future growth plans and value creation initiatives.
The New Ground Lease was negotiated and approved by the Audit Committee of the Company’s Board of Directors (the “Committee”), which is comprised of three independent directors. The Committee consulted independent legal counsel and the Company’s financial advisor, as Somerset is owned by the Company’s Chief Executive Officer. The Committee received an opinion from the Company’s financial advisor that the consideration to be received by the Company is fair, from a financial point of view, to the Company.
The consideration paid to Somerset’s parent company in exchange for Somerset’s termination of the original lease and entering into the New Ground Lease is comprised of 20 million shares of TeraWulf’s common stock and $12 million in cash. Under the terms of the New Lease, Somerset’s parent company will be prohibited from selling 15 million shares for 18 months and the remaining 5 million shares for 12 months. The primarily equity-based structure of the consideration further aligns the interests of TeraWulf’s Chief Executive Officer with the long-term financial and operational goals of the Company and its shareholders.
About TeraWulf
TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at http://www.sec.gov.
Company Contact:
Jason Assad
Director of Corporate Communications
assad@terawulf.com
(678) 570-6791
Source: GlobeNewswire (MIL-OSI)
WOBURN, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in AI-powered search solutions, announces that a leader in fastener distribution has selected HawkSearch to enhance its search experience across 15 countries and 12 languages.
The fastener distributor will leverage HawkSearch’s Keyword & Concept Search features to improve product discovery. HawkSearch will enhance the leader’s search accuracy, solve synonyms and abbreviation complexities, and improve the searchability of industry jargon. Additionally, it will optimize part number searches, ensure accurate results for terms with varying spacing, support different format variations, and incorporate advanced machine learning and reporting capabilities.
This partnership reinforces HawkSearch’s position as a leading solution for the B2B sector, demonstrating its commitment to delivering exceptional search experiences.
“With the complex demands of the fastener industry, our platform is designed to provide a more intuitive and efficient search experience,” said Ari Kahn, CEO of Bridgeline. “HawkSearch will help them meet customer expectations and set a new standard for product discovery in the fastener sector.”
About Bridgeline Digital
Bridgeline helps companies grow revenue by increasing traffic, conversion rates, and average order value through AI-powered solutions. To learn more, visit http://www.bridgeline.com.
Contact:
Danielle Colvin
SVP of Marketing
Bridgeline Digital
Source: GlobeNewswire (MIL-OSI)
CHANDLER, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) — Driven by the need for higher bandwidth, advanced features, enhanced security and standardization, automotive OEMs are transitioning to Ethernet solutions. Automotive Ethernet provides the necessary infrastructure to support Software-Defined Networking by centralizing control, enabling flexible configurations and real-time data transfer. To provide OEMs with comprehensive Ethernet solutions, Microchip Technology (Nasdaq: MCHP) today announces its new family of LAN969x Multi-Gigabit Ethernet Switches and VelocityDRIVE™ Software Platform (SP), which is a turnkey Ethernet switch software solution and Configuration Tool (CT) based on standardized YANG models.
The combination of LAN969x devices and VelocityDRIVE SP, the industry’s first integration of CORECONF YANG, offers an innovative industry-standard network configuration solution. The CORECONF YANG standard aims to empower designers by separating software development from the hardware network layer. This reduces complexity and costs and accelerates the time to market.
The high-performance LAN969x Ethernet switches are powered by a 1 GHz single-core Arm® Cortex®-A53 CPU and feature multi-gigabit capabilities with scalable bandwidths from 46 Gbps to 102 Gbps. Advanced Time-Sensitive Networking (TSN) is designed to meet precise timing and reliability requirements of applications like Advanced Driver Assistance Systems (ADAS).
“The introduction of the VelocityDRIVE Software Platform provides our automotive customers with a turnkey software switch solution and configuration tool to easily manage in-vehicle Ethernet networking,” said Charlie Forni, vice president of Microchip’s USB and networking group. “The use of the standards-based YANG configuration protocol enables software to be developed independently and reused across multi-vendor Ethernet switches.”
The LAN969x switch family is designed to support ASIL B Functional Safety and AEC-Q100 Automotive Qualification standards, offering high reliability and safety for automotive applications. The devices are optimized for systems with a small embedded-memory footprint and feature secure and fast boot capabilities using integrated ECC SRAM for code execution, which eliminates the need for expensive external DDR memory.
As in-vehicle networking continues to increase, software solutions like VelocityDRIVE SP are necessary for customers to configure and manage their networking systems. The LAN969x switch family joins Microchip’s portfolio of automotive Ethernet solutions, which includes 10 Mbps to 1000 Mbps PHY transceivers, controllers, switches and endpoints. For more information about Microchip’s automotive Ethernet solutions, visit the web page.
Development Tools
The LAN969x devices are supported by the LAN9692 VelocityDRIVE Evaluation Board and VelocityDRIVE Configuration Tool (CT).
Pricing and Availability
The LAN9691, LAN9692 and LAN9693 are available in production quantities. The VelocityDRIVE Software Platform is available to download. For additional information and to purchase, contact a Microchip sales representative, authorized worldwide distributor or visit Microchip’s Purchasing and Client Services website, http://www.microchipdirect.com.
Resources
High-res images available through Flickr or editorial contact (feel free to publish):
• Application image: http://www.flickr.com/photos/microchiptechnology/54036155085/sizes/l
About Microchip Technology:
Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 123,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com.
Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. VelocityDRIVE is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.
Source: GlobeNewswire (MIL-OSI)
MANCHESTER, N.H., Oct. 10, 2024 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal 2025 prior to the market open on Thursday, October 31, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook.
Analysts and investors are invited to join the conference call using the following information:
Second Quarter Fiscal Year 2025 Earnings Conference Call
Date: Thursday, October 31, 2024
Time: 8:30 a.m. EDT
Live Webcast Link: Click Here
Dial-in Participant Registration Link: Click Here
Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live and archived audio webcast of the conference call will also be accessible for at least 90 days on the Company’s website at investors.allegromicro.com in the Events & Presentations section.
About Allegro MicroSystems
Allegro MicroSystems is a leading global designer, developer, fabless manufacturer and marketer of sensor integrated circuits (“ICs”) and application-specific analog power ICs enabling emerging technologies in the automotive and industrial markets. Allegro’s diverse product portfolio provides efficient and reliable solutions for the electrification of vehicles, automotive ADAS safety features, automation for Industry 4.0 and power saving technologies for data centers and clean energy applications.
Contact: Jalene Hoover
VP of IR & Corporate Communications
Phone: +1 512 751 6526
jhoover@allegromicro.com
Source: GlobeNewswire (MIL-OSI)
EINDHOVEN, The Netherlands, Oct. 10, 2024 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the third quarter 2024 after the close of normal trading on the NASDAQ Global Select Market on Monday, November 4, 2024. The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:00 a.m. U.S. Eastern Standard Time (EST).
Earnings Conference Call Details
Interested parties may pre-register for the webcast or obtain a user-specific access code to join the live conference call.
A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $13.28 billion in 2023. Find out more at http://www.nxp.com.
For further information, please contact:
NXP-CORP