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A 'haven' for the American dream

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

image

Blake Harris was standing in the middle of an open field along 247th Street northeast of Louisburg in the spring of 2020 when he began to wonder if he had just made a big mistake.

He and his wife, Abby, purchased the 40-acre tract of land in late 2019 so Blake could pursue his dream of building an event center in the rural countryside of Miami County.

But in the spring of 2020, COVID-19 changed everyone’s world, and Blake struggled to find a bank that would support his business plan for an event venue in the middle of a pandemic.

“I was rejected eight times,” Blake said. “I started to get depressed.”

Still, Blake never doubted his vision. After working as a wedding vendor for about a decade handling music and sound responsibilities for countless gatherings, he had learned the ins and outs of the event business.

He knew that if he could just secure funding to build a venue with a contemporary farmhouse feel and upscale amenities, it would attract clientele from throughout the region.

He got the break he was waiting for during a visit to yet another bank, where he was advised to contact Vincent Haworth, director of the Capital Access Center. The center is part of the Kansas Small Business Development Center in Topeka, and it serves as a consulting service to small business owners needing loans or lines of credit to gets their dreams off the ground.

“When I first saw the business plan, I knew we had something,” said Haworth, who has more than 20 years of experience in the banking industry.

With financial backing secured, Blake’s excitement level was sky high, but he and Abby were not blind to the uncertain world they were living in.

“We decided to delay construction for the first year due to COVID as we waited to see what the events industry would do,” Blake said. “During that time we ran utilities and dug our pond and completed a lot of the site work.”

Blake, who is a 2008 graduate of Louisburg High School, has prioritized working with local businesses and vendors. He and Abby even developed a relationship with Jane and Paul Howe, who own and operate The English Barn event venue in Louisburg.

“Their friendship in the wedding industry has been instrumental, as we were both creating our venues from the ground up around the same time,” Blake said. “We worked together to figure out offerings, contract details, liquor regulations, and really utilized each other‘s strengths and weaknesses. Having a ‘friendor’ (friend + wedding vendor) like English Barn is what makes the wedding industry in Kansas City so special.”

Another priority for Blake and Abby is their Christian faith, and they made sure their event venue was built on that foundation.

“When the framing was up, we wrote scriptures all over the inside of the walls prior to drywall in meaningful places around the venue,” Blake said. “We believe by building in those scriptures to the physical foundation it would help with the spiritual foundation of the business as well.”

It was a family operation right from the start. At the age of 21, Blake lost his father, but not before Blake was instilled with a love for the country and custom construction from his father, who built custom log homes. That upbringing helped to inspire Blake’s vision for the event venue.

Abby’s father also played a key role. He owns an engineering company and assisted with the construction of the venue.

“Our official groundbreaking was in March 2021, and our grand opening was on Oct. 29, 2021,” Blake said. “Our venue went ground up in just over seven months, and we had an incredible team of architects, engineers and contractors that made that dream come true.”

When it came time to name the business, Blake said “The Haven Event Space” just seemed to be the perfect fit.

“I wanted the venue to be a safe place, a ‘haven’ if you will, for people to come, gather and celebrate some of the most important days of their lives with us,” Blake said.

The venue is 10,800 square feet and features a large seating area and stage that can accommodate up to 260 guests. There also is a full bar with digital menu that can be adjusted for each event, and the lighting system can also be controlled digitally. With the click of a mouse, Blake can adjust the lights to match the color theme chosen by a bride and groom.

Brides and their bridesmaids can be pampered in the private bridal suite on the second floor, which features a row of mirrors, comfortable furniture, on-suite restroom and rooftop deck.

Grooms and their groomsmen can hang out below on the first floor in a large groom’s suite that features two large flat-screen televisions with movies and video games, pool table, drinks and snacks, and even a climate-control system just for that room.

Unlike some event venues, The Haven is rented all day from 9 a.m. to 11 p.m., and guests are invited to hang out on the outdoor patio by the fire pits and enjoy a scenic view of the pond, or grab a pole for fishing or even take a paddle boat for a spin.

During the events, guests can have fun with the glass mirror photo booth or take a breather in the loft area with comfortable furniture and touch-screen game tables.

Blake’s previous experience in the event business can be seen throughout The Haven. He learned that many venues don’t have a great place for caterers and other vendors to utilize, so he built a garage entry area behind the bar and attached to the kitchen.

He learned that cleaning up buffet tables can often interrupt wedding speeches following dinner, so he designed the main entryway to be wide enough to comfortably place buffet tables away from the main seating area.

And he added a few finishing touches that some may not even realize, like the fragrance devices that create an open air scent in the main entryway and other scents for different rooms. The groom’s suite, for example, has a masculine scent.

Blake’s goal for the first year was 35 events, but the venue already has enough events booked to clear 140 in its first year, and it has generated a profit of almost $200,000 in just the first quarter of 2022.

“Our bank is very happy,” Blake said.

The wedding business community has also taken notice of the success. The Haven recently won the Couples’ Choice Award from WeddingWire, as well as the Best of Weddings award from The Knot.

Blake and Abby will now be able to add another award to their collection. The couple welcomed several visitors to The Haven Event Space on June 1 to watch them receive the Emerging Business of the Year Award from the Capital Access Center and Kansas Small Business Development Center.

Haworth, the Capital Access Center’s director, was on hand, along with State Director Greg Jordan, assistant state director Susie Pryor, and Jessica Johnson, regional director of the Kansas Small Business Development Center at Johnson County Community College.

Pryor presented Blake with a framed photo and description of his business journey and how the Capital Access Center helped.

“This is what the American dream looks like,” Pryor said.

Miami County Economic Development Director Janet McRae and several members of the Louisburg Chamber of Commerce also attended the event to watch the awards presentation and tour the event venue.

Blake thanked all of the community members and state officials for their support.

“Without them, it never would have happened,” Blake said. “Thank you for believing in me when no one else did.”

To learn about the business, or schedule a tour, visit www.thehaveneventspace.com.

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Silver's Use in Brazing and Soldering Alloys Projected to Grow 23 Percent Through 2030

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

Silver’s Use in Brazing and Soldering Alloys Projected to Grow 23 Percent Through 2030

WASHINGTON, June 15, Jun 15, 2022 (GLOBE NEWSWIRE via COMTEX) —

EQNX::TICKER_START EQNX::TICKER_END An often underappreciated but important component of silver’s use in industry is its essential role in brazing and soldering, with nearly a half-billion ounces of silver consumed in this sector in the past decade.

Brazing and soldering are methods of joining two or more metals and are commonly used in the manufacture of pipes, heating and cooling systems, electronic instruments, and jewelry. In 2021, brazing and soldering alloys used 47.7 Moz of silver, representing 9.3 percent of the total industrial demand for silver that year. By 2030, the demand for silver used in brazing and soldering is forecast to reach 58.8 Moz, a 23 percent increase over 2021, according to a new Market Trend Report released today by the Silver Institute, “Silver in Brazing and Solder Alloy Materials.”

For centuries the two most common methods of joining metal tubes and fittings have been brazing and soldering. These methods are similar, yet several distinct differences set them apart. For example, solder often uses silver and tin filler materials and is conducted at temperatures of 600F, while brazing frequently uses filler metals and alloys such as silver, copper, and zinc. Most brazing occurs at hotter temperatures — 800F and 2,000F.

The report, authored by the consultancy Precious Metals Commodity Management, maintains silver will continue to play an essential role in these applications. The report provides an overview of the fundamentals and history of brazing and soldering technology, the pros and cons of each, and their various market segments. End-uses highlighted in the report include plumbing and piping, heating and air conditioning, automotive electronics markets, light-emitting diodes, the jewelry silver solder market, printed circuit boards, and the semiconductor industry. The report concludes with a forecast for silver’s use in these applications through 2030.

The projected increase in demand through 2030 is due to future global infrastructure growth, including increased plumbing and pipe joining and growing vehicle demand (internal combustion engine and electric vehicles). Demand for heating and air conditioning systems is also forecast to increase. The electronics market, including light-emitting diodes and printed circuit boards, is also expected to expand, especially in automotive electronics. They have higher temperature and vibration requirements, motivating designers to use additional silver content for strength and temperature resistance performance.

The report states that prospects for expansion in the silver brazing and solder alloy market remain strong, and that silver will continue to play a vital role in joining technologies, especially for electronics, through 2030.

To download the complimentary report, please click here.

The Silver Institute serves as the silver industry’s principal voice in expanding public awareness of the importance of silver to modern society. One of its primary missions is to provide the global market with reliable statistics and information on silver. The Institute’s Market Trend Reports focus on critical sectors of silver demand to bring awareness to silver’s varied and growing demand, and today’s report is part of that series. For more information on silver and the Silver Institute, please visit www.silverinstitute.org.

Contact:
Michael DiRienzo     Matt Watson
The Silver Institute Precious Metals Commodity Management
+1-202-495-4030      +1-925-321-2686

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87275225-531e-4a77-a101-fd18ecf4279e

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Tuya, Inc. (TUYA) CEO Jerry Wang on Q1 2022 Results – Earnings Call Transcript

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

image

Tuya, Inc. (NYSE:TUYA) Q1 2022 Earnings Conference Call June 14, 2022 8:00 PM ET

Company Participants

Reg Chai – Capital Market Associate Director

Jerry Wang – Founder, CEO and Director

Jessie Liu – Senior VP, CFO and Director

Conference Call Participants

Yang Liu – Morgan Stanley

Operator

Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Tuya Incorporated First Quarter 2022 Earnings Conference Call. [Operator Instructions]

I’ll now turn the call over to the first speaker today, Mr. Reg Chai, Capital Market Associate Director of Tuya. Please go ahead, sir.

Reg Chai

Thank you. Hello, everyone. Welcome to our first quarter 2022 earnings call. Joining us today are Founder and CEO of Tuya, Mr. Jerry Wang; and our CFO, Mr. Jessie Liu. This first quarter 2022 financial results and the webcast of the conference call are available at ir.tuya.com. A replay of this call will also be available on our website in a few hours. Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements. With that, I will now turn the call to our Founder and CEO, Mr. Jerry Wang. Jerry will deliver his remarks in Chinese, which be followed by corresponding English transition.

Jerry Wang

Hello, everyone. First, I would like to report our first quarter performance in 2022. Our revenue reached $55.3 million in the first quarter, exceeding the high end of our previous guidance range. Revenue represented a year-over-year decrease of 2.7% compared to the quarter of 2021, where we saw rapid growth across the industry. Our IoT PaaS business revenue decreased year-over-year to $41.8 million in the first quarter. Consumer discretionary spending was adversely impacted by high inflation and the Russian, Ukrainian conflict that started in the first quarter further exacerbated global inflation. In this environment, we observed that IoT brands have become more conservative.

On the other hand, our 2B-based SaaS and other segments maintained a strong growth momentum for the fifth consecutive quarter with revenue reaching $5.8 million, representing a year-over-year increase of 146.7%. This performance was driven by our consistent effort to offer target solutions to address the critical issues of our enterprise customers by leveraging our strong product functions and the Tuya device ecosystem.

In addition, since our smart private cloud product, Cube Solution was launched in the last November and officially released in early this year. It has achieved important breakthroughs with new customers in the first half of this year.

On the customer front, as we continued to iterate our products and services, our total number of customers increased by 29% from the same period last year to approximately 3,900 in the first quarter. IoT PaaS premium customers with revenue contributions of more than $100,000 during the past 12 months increased from 216 as of March 2021 to 303 as of March 2022. Our ability to maintain a large-scale customer base enabled us to leverage our platforms, economies of scale and improve the network effects between our business as well as our customers. In addition, the diversity of customers also helps reduce external risks in an increasingly uncertain macro environment.

While some downstream brands are slowing down their sales and production plans, others are increasing their purchases. For example, the deployments of an established Canadian smart home brand with business across over 100 countries and regions, reaching the millions in the first quarter, 6x more than what they ordered in the same period of last year.

Moving to gross profit margin. In the first quarter, both our overall gross profit margin and IoT PaaS gross margin improved slightly year-over-year to 41.2% and 42.3%, respectively, remaining relatively steady compared to the same period of last year and the previous quarter.

Now let me share the specific progress of our business in the first quarter. During the past 12 months that ended March 31, 2022, the dollar-based net expansion rate of our IoT PaaS business segment was 122%, remaining at the top of the cloud path and the SaaS industry. We garnered nearly 500 new customers on our IoT PaaS business, growing the total number of our IoT PaaS customers by 21% year-over-year.

In this Q1, we continue to attract and acquire reputable new companies across the globe as customers of our IoT PaaS business through our Tuya Plus Strategy. In Europe, for example, we officially started a partnership with a German supermarket giant with business worldwide.

That has been one of the Fortune Global 500 for many years. We collaborated with the self-operated brand in the electrician lighting field. Another customer is a leading Dutch brand, Smartwares, with products sold all over the world. This Dutch customer entirely shifted from its own IoT platform to the Tuya platform, which will enable them to achieve breakthroughs in all their product categories, starting from home appliances and sensors.

In the Czech Republic, EMOS, a dominant local tools and hardware brand also started a partnership with us and now have more than 30 SKUs in the pipeline already.

In Asia, we enabled Korea’s top 3 smart home brand listed company, Kocom, to implement visual capabilities into installed bell products. We also launched joint efforts with one of Japan’s leading furniture retailer and the listed company to explore new business opportunities in the field of home appliances. We are also in the process of helping India’s well-known emerging consumer electronics brand boAt to expand into TWS Bluetooth handsets and IoT consumer electronics products, including smart glasses in the future.

Given the current macro environment, like smart Bluetooth products will be the key strategic focus in 2022. In South Africa and other regions, notable new customers included [Macroled], a leading brand in Argentina that focuses on offline product distribution and has more than 1,000 partners covering the entire South America continent. Macroled became a strategic customer of the Tuya’s Star Volunteer program. In North America, a listed company and the market leader in the R&D and the production of RVs, pickup trucks, yards and spare parts confirmed their partnership with us in the first quarter to build a smart RV ecosystem.

We now also further expanded our customer base in North America with a leading audio and video solutions and [accessories] brand, a leading residential irrigation equipment brand, a leading environmental appliances, health and personal care brand and many others. This new customers’ business both covering from personal entertainment to environments, outdoor and others.

Domestically, the resurgence of COVID after holiday season in the second half of the first quarter substantially limited our business activities in China. However, our outdoor business line, which has been one of our key product categories, still acquired multiple customers with immense business potential. These customers included leading the eco information system developed and the undisputed leader of the domestic [Indiscernible], and the leader in the portable and home energy storage industry. In addition, we launched the 100 Days for 100 Brands plan to penetrate Chinese e-commerce [LC] brands before the spring festival this year and successfully acquired more than 100 target customers by the end of April.

The addition of this new customers from all over the world further boosted our core customer base. The breadth and the expertise of their products and services also serve to illustrate strong competitiveness of our platform in the global intellectualization market. The quality of our customer base will enable us to strengthen the core of our business during this downturn for smart consumer electronics. The foundation we have set fuse us with hope and excitement for the opportunities that will come when the industry eventually recovers.

In the first quarter, we continue to diversify our business and our IoT PaaS product categories are increasingly balanced. In terms of contribution, electric lighting accounted for about 40%.

Consumer IPC and census accounted for about 25%. Household appliances, kitchen appliances, pets and other small appliances accounted for about 20%. And other emerging categories accounted for more than 15%. Among them, the electrical and lighting categories, which constitute a significant portion of our revenue, has been largely affected by inflation, recording a year-over-year decrease. This decrease was mainly because consumer-grade electrical and lighting products are price-sensitive products, usually sold in large quantities.

Smart products typically sell for approximately 3x the price of traditional products. As a result, consumers tend to shift their purchasing needs to conventional products and will sacrifice smart functions or delay the purchase of smart products to save money. This market shift was especially notable in Europe and America. In other categories, we observed that the smart IPC and security sensor products, which have relatively high IoT penetration rates, are in strong demand. This is driven by the unique characteristics consumer IPC and sensor products where IoT functions are necessary to maximize security. Meanwhile, household appliances with little price gap between IoT and traditional products maintained a solid year-over-year growth momentum.

Next, I will share some updates on our sales and other segments. This segment continued its robust performance in the first quarter with revenue increasing 147% year-over-year to $5.8 million.

First, in commercial lighting, our premium SaaS solutions were adopted by China Construction Development Corporation, which has been ranked among the Fortune Global 500 for 5 consecutive years for its street lighting project in Xiamen. Mexican industrial lighting brand, Dimas Lighting also leveraged our software capabilities to complete construction of its intelligent platform for commercial lighting and implemented several industrial lighting projects.

Our top 3 lighting brands in the world also expanded our partnership into its sliding business in its Korea business segment. The customer utilized our commercial lighting SaaS solution to improve its smart lighting capabilities and will leverage smart lighting products developed on the Tuya platform. This is a prime example of how our SaaS and PaaS business complement each other in our ecosystem. Turning to the progress of our hotel and apartment subsector, we recently launched a strategic partnership with Alipay in China.

Internationally, the leading hotel system integrator in Malaysia, Core System Technologies, is using Tuya’s hotel SaaS solution to land at the first smart hotel in Malaysia. Additionally, the smart products arm of a world famous Fortune 500 group is cooperating with us to use our hotel rental SaaS and platform SDK capabilities for overseas hotel rental operations. As the pandemic is being brought under control in Q2, our hotel SaaS solution has received a number of orders from Europe and Southeast Asia.

For value-added services, the strong momentum of our customer paid tariff services carried through into the first quarter with revenue broadening over to 100% year-over-year. The number of active devices with paid cloud storage service by the end of the first quarter of 2022 also doubled from the same time last year.

Finally, let’s talk about this year’s core strategy, our smart private cloud product, Cube Solution. In the first half of 2022, we have made substantial progress in our private cloud business. After thorough evaluation and license and inspection, several leading customers in different countries and industries have recognized our private cloud solution.

For example, Telkom Indonesia, the largest telecom operator in Indonesia with service coverage of over 55% of all Indonesia household and hundreds of millions of registered users will use our Cube Solution to tap into the strong consumer spending power of consumers in its network to accelerate the development of its Indonesia smart home appliances market. Our goal in such collaboration is to become its long-term partner in 3 ways: first, private cloud platform software development; second, powered by Tuya ecological smart devices interconnections; and finally, additional recurring value-added services for the end users.

In China, a China leading utility giant is establishing the long-term collaboration agreement with Tuya to build its own IoT intelligent platform in stages. Our Cube Solution will help customers complete their deployment of IoT private cloud platforms and build their IoT platform capabilities. Cube can also support customers with security software capabilities to help adjust the energy consumption security issues for thousands of households. These qualities also helped us to attract industry leaders such as 1 of the China’s top 5 2-wheel and 3-wheel electric vehicles develop [Indiscernible] Cube Solution.

So far, we are getting positive feedback from our customers that they choose our products and trust us because of our product innovation of technology covering cloud edge and application and the scale effect of the integrated software and hardware products based on our deep cultivation in the intellectualization field for more than 7 years.

As well as our reach powered by Tuya device ecology through a long-term accumulation in the years, we believe in our ability to capture long-term opportunities in the market with strong demand for smart private cloud solutions.

Overall, the first quarter is full of challenges, economic and other disruptions that started in second part of the 2021, intensified in the first quarter, aided by the Ukraine war. Global inflation is running high and is not expected to improve in the second quarter. While we remain cognizant of these major challenges in our IoT PaaS business, we will explore additional growth drivers through our smart private cloud and smart industrial SaaS segment.

On profitability, in this quarter we focused on the optimization of our organizational structure efficiency as we aim to better balance our business growth and time line to profitability. And we’re also improving our management efficiency simultaneously, which will sustain our long-term prospects. That concludes my remarks. I will now turn the call over to Jessie, our CFO, to review the financials.

Jessie Liu

That concludes the remarks by Jerry. Before I begin, please note that all amounts are in U.S. dollars and all comparisons are on a year-over-year basis unless otherwise stated. As Jerry just mentioned, we are facing a series of unprecedented challenges. Nonetheless, our total revenue in the first quarter exceeded our previous expected guidance range. Now I will provide a good look into our financial results.

For the first quarter of 2022, our total revenue were $55.3 million, down 2.5% year-over-year. The decline was driven by a 16.1% year-over-year decrease in our IoT PaaS revenue, which reduced to $41.8 million for the quarter, impacted by factors Jerry mentioned earlier. If we look into the ultimate demand contributions to our revenue across the globe, which represents our estimate based on various businesses information from and regarding our customers, we did experience a slowdown in the U.S. and Europe, but we were able to deliver growth in China, Latin America, Southeast Asia and other Asian regions. Moving along to our customer base, we had 303 premium IoT PaaS customers for the trailing 12 months ended March 31, 2022, up 40.3% from 216 a year ago. During the quarter, premium customers accounted for approximately 85.6% of our IoT PaaS revenue, forming a solid customer foundation for our business.

Our dollar-based net expansion rate for IoT PaaS segment maintained at a healthy level of 122% for the trailing 12 months ended March 31, 2022. Our DBNER demonstrated our ability to continue to expand our customers’ usage of the Tuya platform over time and generate revenue growth from existing customers. On the other hand, as Jerry mentioned, we delivered a satisfactory performance in acquiring new customers with exciting business potentials.

This is a direct result of the target customer acquisition strategies we have adopted. For example, in the first quarter, we still made decisive efforts in the Chinese market by launching the 100 Days for 100 Brands plan, under which we obtained more than 100 China brand customers in various segments within 100 days.

Among these customers, who did agreement with us, about 40% were customers in small and large household appliances, kitchen appliances and pet appliances, 40% were electrical and lighting-related brand customers. And the rest 20% were customers in emerging verticals including personal, health care, home decoration, home safety, outdoor, automating products and other fields.

We believe that our cooperation with this benchmarked brand across different verticals such as according to the public industry ranking, 1 of the top 3 baby care brands in the Chinese market, 1 of the leading brands in the vertical category of electric [tourists], 1 of top 10 brands of bathroom heater switches, and 1 of top 10 brands of screen lights, et cetera, in China, will further complement us and enrich our business in the China market. Our overall gross margin and IoT PaaS gross margin for the quarter remained stable at 41.2% and 42.3%, respectively, as we effectively implemented a series of initiatives to improve our business management efficiency. Now turning to our operating fees.

Please note that we’re presenting our operating expenses non-GAAP basis by excluding share-based compensation expenses from our GAAP numbers to provide greater clarity on the trends of our actual operating base expense so that you can review performance in the same way as our management. During the quarter, our non-GAAP total operating expenses were $60.6 million. Specifically, non-GAAP R&D expenses grew to $43.5 million. Non-GAAP sales and marketing expenses increased to $13.6 million. Non-GAAP G&A expenses increased [$6.2 million]. And other operating income net was $2.6 million compared to $2.5 million a year ago.

The increase in non-GAAP total operating expenses was mainly due to the increase in employee-related costs. For example, our average salaried R&D employee headcount increased by approximately 30% in this quarter versus a year ago. It is worth pointing out that we are actively optimizing our operational structure and have already reduced average number of our R&D headcount by approximately 10% in the first quarter from [headcount]. As we carry through this optimization efforts, our headcount is now decreased to — headcount is now decreased to an even lower level. Our non-GAAP loss from operations was $37.8 million in the first quarter, representing 68.4% of total revenue.

And our non-GAAP net loss was $37.3 million in the first quarter, representing 67.4% of total revenue. In fact, with increasing uncertainty in the macroeconomic environment, we are pivoting away from top line growth towards balanced efficiency, profitability and sustainability. As part of our efficiency-first strategy, not only have we refined our team structure, we are also reducing our office lease by toning down our office plans to match our current growth trajectory. In addition, we continue to implement measures that help boost the efficiency of our staff. For example, in our IoT PaaS and smart device distribution business, a small percentage of large orders contributed to the majority of the revenue, while the rest are mostly small and scattered purchases.

Since the manpower and other related costs need to process each order regardless of the size is usually similar. Our teams are now bundling groups of smaller orders to reduce such costs. While the positive impact of this optimization initiatives on our financial statement may not be evident immediately as it is offset by the substantial one-off costs occurred in terms of this initiative.

Our refined cost and expense structure will enable us to spend our money on what matters the most. In the first quarter, specifically, if we exclude those one-off expenses related to the compensation paid to employees due to team restructuring, rental penalties and the restoration costs, our non-GAAP operating margin and net margin would have increased about 5%.

Moving on to the balance sheet. As of March 31, 2022, our cash, cash equivalent and short-term investments were $984.2 million. We believe this balance is sufficient to meet our current liquidity and working capital needs in the long run. Finally, turning to our share repurchase program. During the first quarter, we repaid approximately 4.9 million ADSs from the open market for a total consideration of approximately $25 million pursuant to the share repurchase program, representing around 12.5% of the $200 million authorization announced pursuant to the share repurchase program.

This shows our strong confidence in the company’s long-term growth prospects. Now turning to outlook for the second quarter of 2022, we expect total revenue to be in the range of $60 million to $65 million. As you can see in the market, in the second quarter today is full of uncertainty and the factors leading to the industry-wide challenges everyone’s facing have not significantly improved.

In terms of economy last Friday, the CPI of the United States increased by 8.6%, hitting a new high, representing a very high level of inflation. Turning to geopolitics, the war between Russia and Ukraine continues. Regarding the COVID epidemic in China, April and May were the most challenging months and inventory backlogs experienced throughout the supply chain, including OEMs, brands and retail channels, have hidden the players from placing orders to upstream.

These factors affected our sales and the business activities as well as the customers’ acceptance of product and services and the implementation of smart industry projects through our SaaS and the [PBT] devices. In general, the second quarter of 2022 undoubtedly remain difficult. As a response, we will remain cautionary and continue to move forward by firmly implementing the aforementioned measures and strategies. This concludes our prepared remarks for today. Operator, we are now ready to take questions. Thank you.

Question-and-Answer Session

Operator

[Operator Instructions] Our first question comes from Goldman Sachs.

Unidentified Analyst

My question is that while we face challenging environments in the EU and U.S. market, can management share some colors on the progress of our China business? And what type of demands are emerging in China market? What type of clients are we focusing on? Can we have more meaningful progress in the next couple of quarters? Are we expecting a higher or lower margin in the China market in the near to medium term?

Jessie Liu

Let me take this question. China market is vast and the scale of each of our businesses is still small. Therefore, we’re expanding a few of our business to grow quickly and to grow the revenue contribution from China, including PaaS, SaaS and Tuya Cube, our new strategic private cloud product. Regarding PaaS, we’re aggressively developing clients in the electronic device brands, just as Jerry has discussed. And for the SaaS business, since the end of 2019, we have started SaaS business in hotel, property, community and the commercial lighting in China. Each of them has gained top 3 market positions by now in China and still gaining shares.

For example, we formed a strategic partnership with Alipay in hotel SaaS business in the first half of this year to build up hotel-centric digital commercial ecosystems for thousands of hotels covered by Tuya SaaS network. This PaaS partnership will enable us to quickly integrate business resources to provide 7 days, 24 hours customized quality and diversified digital services nearby for the guests in the hotel room that stayed there, which will be converted into revenues. Commercial lighting SaaS has launched many energy-saving use cases in China this year and are widely recognized very positively, including implemented in gas station factories, communities, group lights in city centers, large-scale parking lots, et cetera.

And our community SaaS supported quite a few cities in China to transit to smart residential community for the future generation this year. We are also very excited that we have seen breakthrough of our Tuya private cloud — Tuya Cube product in China. We announced it last November. We have signed up contracts with a number of industry-leading players in China for this new strategic product, including leading telecom operators, leading utility companies and auto group, and with a few other large enterprises are in the process of signing contracts such as leading energy companies.

And this private cloud clients told us the reasons they selected us for majorly 4 reasons. First, Tuya’s IoT cloud connected hundreds of millions of devices on a global basis with 8 years’ track record for safety and reliability; second, our technology system is most comprehensive that can provide a full service coverage, IoT cloud, IoT OS, app and SaaS; and thirdly, our hardware ecosystem is unparalleled; and number four, our deep focus in IoT. So we have a strong belief in China market, and we believe China market has huge potential for IoT. And for the new strategic Tuya Cube product, the revenue contribution will start to reflect in Q3. In Q1 and Q2, we mainly signed up new customers and start the deployment of the private cloud and the recognition of the revenue will start in Q3. So that’s the answer for your question. Thank you.

Operator

Our next question comes from Morgan Stanley.

Yang Liu

I have two questions here. The first one is could management update us in terms of the negative impact from the lockdown in China, whether Tuya and the Tuya’s customer, especially the OEM locating Yangtze River Delta has fully recovered after the reopening? Or if not, what is the current status and the forward recovery trajectory going into the next few months. The second question is, could management update in terms of the overseas consumer electronic device-related demand outlook going into the second half assuming the — I think management mentioned the CPI will continue to be high. But what about the volume and shipment growth or early color from your customers in terms of second half demand from overseas side.

Jessie Liu

Thank you, Liu. We saw the — for the first question, we saw the most impact on our business activities in China happened in end of March, April and May, including customer acquisition efforts has been significantly slowed down and especially delivery of our SaaS solution, which requires the customer to be satisfied with the result give us a paper confirmation that was delayed as well. And also some of the customer acquisition of PaaS business and the private cloud business was also affected. And the sales performance of end — of our brand customer in China was also slowed down in that 2 months.

However, we do see a recovery in June. So it looks like right now all cities restarting their normal business, economy, the consumption is recovering soon. So we saw the overall trend in China is improving and to be positive. And at the same time, the — because Europe and the U.S. had inflation challenges, too. So to address that, this year, we have been very focused on the cost control. We have realigned our business to focus resources on key business segments and PaaS, the segment which require long-term investment.

All the specific market sizes are not too big; and second, we refined our team structure and focus on improved organization efficiency; and thirdly, to improve our PaaS long tail business model to more focus on large customers and the large contracts. We tiered our customers based on the revenue contribution and the potential. We also tiered our orders to adjust expenses for small orders, which led customers to combine into large orders to significantly improve our efficiency.

For the second question regarding the overseas demands for the customers. From geographically, inflation has been moved higher by Russian-Ukraine war, and that impacted Europe and the U.S. a lot. The purchasing power were weakened so the consumer was forced to prioritize food and daily necessities. However, India, Latin America, Southeast Asia and other regions seems relatively in better situation. So accordingly, we have observed a healthy growth trend for brands and markets in those regions. So we think this is also the case for the consumer demand. In terms of product categories, consumer electronics and lighting categories in the overseas market was impacted most by the inflation and the price gap between IoT products and the traditional counterpart is large, especially in lighting and electrical product segments.

In addition, purchase in these categories often come to in large quantities, further magnifying the price gaps. So as a result, in like lighting and electrical segments, consumers tend to prioritize traditional products over IoT products. However, for different other segments of products, for example, the whole home consumer, camera, sensor products and home appliances, we saw less impact by the inflation. So — we — for the second half year, we think major factors coming from how U.S. Treasury can effectively control the high inflation and also the European Central Bank.

If the inflation can be quickly controlled, we do believe and also our brand customers believe that the — the demand will recover quickly from the end user side. From the activation of new devices, actually since April, we do see a better trend than last Q4 and Q1 this year. Like in Q1 this year, the new device activation, which we have visualized was slightly negative though. However, in April, May and June, it started to turn into a positive trend. So we are still closely observing this trend. We hope this will continue. That meant although the inflation hasn’t came down — came down significantly.

The customer’s reaction to the inflation has picked out. So we will closely monitor this with our brand customers. One more thing is worth noting is that our customer-facing value-added services — for example, cloud storage recorded an overall 200% year-over-year revenue growth in the first quarter. This performance indicates that end market has robust demand and the feedback for the high-value IoT services.

So for home appliances as a category with relatively high overall value, also have a single-digit year-over-year growth in the first quarter. And also despite our brand customers are facing huge challenges, they are conservative in terms of placing orders to OEMs, but the majority of them keeping very optimistic for the long-term trend of IoT. So for example, last 2 weeks, myself and our President, we — through Zoom, we have discussed with 6 of our top brands company CEOs. They’re all still focusing on R&D to expand new IoT SKUs and asked us to recommend more exciting new different types of IoT devices for them. And based on [a static] number in the first half of this year, for all the brand customers, we acquired before end of 2020, about 48% of them have expanded into new IoT devices, SKUs this year.

So that gives a lot of confidence that in a very challenging period, the trend of IoT is not changing. So that’s our view for the short-term future of the IoT market.

Operator

Our next question comes from CICC.

Unidentified Analyst

As we newly launched the private cloud different services, how should we expect in the mid to long run the revenue proportion as [Indiscernible] revenue? And — do we see more from existing public cloud customers switching to private cloud solution? Or we could expand to a new customer profile. What is the marginal change to the gross margin and expenses?

Jessie Liu

Most of our private cloud services customers are new customers, almost all of them. So we are promoting the Tuya Cube product, not to our existing customer base, but to new industry — new customers. And our acquisition efforts are progressing smoothly in China and outside of China right now. We have signed the legal contract with dozens of customers. All of them are very well-known large-scale industry leaders in China and also outside of China.

These customers included the largest telecom operators in like Indonesia and in China. The — one of the largest utility group in China and also a couple more similar utility groups in discussions for signing contracts. And the leading top 3 automobile groups in China and in Southeast Asia. So we are currently also have a very healthy pipeline for large-scale companies, including leading energy companies in the stage of negotiating contracts and also a very large European retail groups.

They have thousand large-scale retail stores in — across many countries in Europe. So this kind has all demonstrated our private cloud technologies can be implemented in many different industries, which we feel very excited that the Tuya Cube product can enable Tuya grow outside of consumer electronics industry. In the past 7 years, we have been very focused on consumer electronic industry.

And we all have seen consumer electronics industry can be impacted significantly by high inflation, by the economy cycle, the consumer down cycle in China. However, many other different industries, for example, utility industry, the auto industry and the telecom industry, they are less vulnerable and more sustainable to this kind of economy cycle. So we believe our focus on the Tuya Cube Solution, which will not only provide a lot new growth field for us, but make our business in the long term, much more sustainable in a down cycle of the economy.

So we will take the Tuya Cube as one of our most important strategy for the next few years. And we believe this will bring us the new growth support for the next 3 to 5 years. And because this is still a pretty new business in early stage, we need to time to determine the best pricing and the deployment strategy. So based on our experiences with existing and prospective customers, our private cloud projects are typically operated at a large scale for very large customers given their commercial value and the business finding model. So in addition to the implementation and deployment in the launch stage, there will be more business cooperation and the revenue opportunities in the IoT product ecosystem and our SaaS capability for those large Tuya Cube customers in the long-term future.

So we are also making our private cloud deployment implementation process more standardized and packaged. As such, future customers can even have their in-house R&D team or hire third-party implementation team to deploy our Cube products directly. So we want to emphasize that while private cloud customer-specific systems, there will be a standardized product because it is providing very infrastructure-like capabilities.

First is to use all kind of different communication with including Wi-Fi, ZigBee, Bluetooth, the Cat 1, NB-IoT and also industry network to connect all kind of IoT devices. That’s the number one capability. So the industry leaders, they don’t need to worry about this very fundamental infrastructure-like capability. They don’t need to invest R&D on this capability.

And second is to provide a highly secured cloud structure and which is in compliance with all the different countries, data security rules, including China, including Europe, U.S. And for example, in Southeast Asia, the customer also doesn’t need to invest heavily in how to compliant with security laws — the data security law in different regions.

And thirdly, our private cloud structure can utilize our very ample unparalled hardware ecosystem we built in the last 8 years. So thousands IoT devices can — different type of IoT devices can be connected into this Tuya Cube infrastructure. And if it’s a different category, we never worked with our ample experiences and the thousands OEMs, we have worked in the past 8 years, within 30 days, any new IoT devices can be connected into this private cloud structure.

So these 3 fundamental infrastructures can be highly valuable in many different industries. It’s like water and electrical services for many different industries. So we are excited with this new business opportunities. We will, through next 6 to 8 months, we will focus on delivering our first dozens of projects for our top customers well. And also figure out what would be the best pricing strategy to achieve a healthy gross margin and net margin for this new business.

Operator

I will now hand over to Reg for closing remarks.

Reg Chai

Okay. Thank you again for joining our call. If you have any further questions, please feel free to contact us or request through our IR website. We look forward to speaking with everyone on our next earnings call. Have a good day. Thank you.

Operator

Ladies and gentlemen, this concludes today’s call. Thank you all for joining. You may now disconnect your lines. Thank you.

Categories
All About Lights

‘No project too big or small’: Best of Southern Utah winner LightingFX brings imagination to light

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

LightingFX permanent holiday lights installation, location and date not specified | Photo courtesy of LightingFX, St. George News

CONTRIBUTED CONTENT — Illuminating homes across Southern Utah as well as the Mesquite area, LightingFX brings imagination to light with custom interior and exterior lighting design.

LightingFX exterior lighting project, location and date not specified | Photo courtesy of LightingFX, St. George News

Voters in this year’s Best of Southern Utah contest recently awarded LightingFX gold in the Christmas/outdoor lighting category. The company also picked up a silver ribbon for electrician.  

“It’s absolutely amazing,” owner Michael Ollis said. “It’s a huge honor to have the community think so highly of us and our work. As a business owner, that’s exactly what you aim for.”  

LightingFX takes on residential lighting projects of any size and scale, helping homeowners elevate their kitchens, bars, bathrooms, backyards, pool decks, pergolas, walkways, driveways and more. The company specializes in low-voltage, aesthetically pleasing lighting for any occasion. 

Lighting is arguably the most important element in home design, Ollis said. It plays with perception and has the power to completely transform a living space.  

“You can have the best landscaping or flooring, but if you have the wrong lighting, you’ll never get to fully experience the beauty of what you’re trying to light,” he added. “I want my customers to feel like they’ve made a worthwhile investment in their largest investment.” 

LightingFX interior lighting project, location and date not specified | Photo courtesy of LightingFX, St. George News

Lighting technology is constantly changing and evolving, and so is LightingFX. Ollis takes pride in thinking outside the box and shining new light on old ideas. 

LightingFX installs permanent exterior lighting that enhances the beauty of every home. The lights use True Color LED technology capable of displaying any shade of any color, creating limitless options to suit all occasions. Whether celebrating a birthday or rooting for a favorite sports team, the customer controls the system with a convenient smartphone app.

Ollis said LightingFX uses the most customizable of any permanent exterior lighting product on the market. Discreetly mounted on gutters, fascias or drip edges, the lights shine outward instead of downward for better visibility and security. Unlike traditional holiday lighting, there are no wires, cables or cords to hassle with. 

As a lighting specialist and licensed, insured electrician with over 20 years of experience, Ollis promises top-quality products and workmanship to every customer. Custom lighting design is his passion, and LightingFX delivers fast, friendly service with a 100% satisfaction promise. Work is guaranteed for life with a manufacturer’s warranty plus an in-house warranty that covers all of the installed items against failure.

LightingFX permanent holiday lights installation, location and date not specified | Photo courtesy of LightingFX, St. George News

Ollis personally collaborates with each customer to bring their ideas to life, and he encourages homeowners to reach out and discuss their design goals. With LightingFX, customers will be a part of the process from the beginning to the finished product. 

“Whatever you’re imagining, we can make it a reality,” he said. “There’s no project too big or too small.” 

Ollis said he wholeheartedly enjoys the relationships he’s able to build with customers, which he believes sets LightingFX apart from other lighting contractors in the area. The community has let him into their homes and recognized the high caliber of work he provides.   

“We’re very grateful, and we absolutely love living in Southern Utah.” 

If you’ve been thinking about enhancing your home with upgraded lighting, the experts at LightingFX are ready to help make it happen. Visit MyLightingFX.com or call 435-705-8228 to schedule your free consultation and estimate.

Written by ALEXA MORGAN for St. George News.

• S P O N S O R E D  C O N T E N T • 

Resources

Copyright St. George News, SaintGeorgeUtah.com LLC, 2022, all rights reserved.

Categories
All About Lights

Micro Light Emitting Diode (LED) Market is Expected to Witness Growth at a CAGR of 86.72% From 2022 to 2029

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

Micro Light Emitting Diode (LED) Market is Expected to Witness Growth at a CAGR of 86.72% From 2022 to 2029 – Energy Industry Today – EIN Presswire
















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JPS wants to assume ownership of NWA streetlights

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

The Jamaica Public Service Company (JPS) has revealed that it is in negotiations to assume ownership of streetlights currently owned by the National Works Agency (NWA)

A statement from the utility company said streetlights on a number of  major roads in St. Andrew and St. James are the responsibility of  the works agency.

These include the Dunrobin to Molynes Road intersection, Molynes Road intersection to Washington Boulevard, Liguanea to Lady Musgrave thoroughfare; Papine to Liguanea, Trafalgar Road, Michael Manley Boulevard, sections of  Harbour View, and the Elegant Corridor in St. James.

The JPS says talks are underway with the NWA to replace or repair missing or defective lamps on many of  these roads and for the transfer of  ownership and responsibility to the light & power company. 

LED conversion

The JPS has also revealed that 105,000 streetlights have been converted to light-emitting diode (LED), with slightly more than that number still to be converted.

According to Blaine Jarrett, Senior Vice President for Energy Delivery at JPS, the savings from the conversion will allow the government to expand its streetlight programme to other communities.

The company is projecting to complete the conversion process by the end of  2023.

                                                                                                                              

                                                                                                                          

  

Categories
All About Lights

Modular Instruments Market will Exhibit a CAGR of 6.80% By 2029 | Top Players: ADLINK Technology Inc., Teradyne, AMETEK.

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

image

Modular Instruments Market will Exhibit a CAGR of 6.80% By 2029 | Top Players: ADLINK Technology Inc., Teradyne, AMETEK. – Lighting Industry News Today – EIN Presswire























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LG Display raises $1.0 billion new funds to expand OLED production in Vietnam

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

image

[Courtesy of LG Display]

SEOUL — LG Display, a major flat panel maker affiliated with South Korea’s LG Group, will raise about $1.0 billion worth of investment funds from domestic and foreign banks to expand organic light-emitting diode module lines and build infrastructure at its plant in Vietnam.

Despite unstable economic conditions such as interest rate hikes and the war in Ukraine, LG Display said it was able to attract funds from global financial institutions, demonstrating its excellent technology and growth potential. The money would be spent on strengthening the competitiveness of small and medium-sized OLEDs and expanding exports.

In an effort to make a strategic response to growing demands and competition in global markets, LG Display has expanded the production of small and medium OLED panels. The company’s plant in Hai Phong, an industrial port city in northeastern Vietnam, assembles OLED panel modules.

Foreign banks such as ANZ Bank, HSBC, Citi Bank, and Spain’s Caixa Bank will extend loans at competitive interest rates based on payment guarantees from the Export-Import Bank of Korea and Korea Trade Insurance Corporation. LG Display said the Korea Eximbank, an official export credit agency, would provide direct loans as well as guarantees.

 

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Categories
All About Lights

OLED prices crash as monitors dip below $200

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

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There’s anecdotal evidence that the average price of OLED displays is coming down fast. Earlier this month, the cheapest OLED TV, the LG OLED48A16LA, dropped below £500 in the UK for the first time ever and now you can pick up an OLED portable monitor from Amazon for less than $200.

Chinese display manufacturer InnoCN is selling a 13.3-inch (opens in new tab) K1F OLED full HD external USB monitor for $182.49 (after a $30 discount, valid till midnight, June 20) with a bigger 15.6-inch (opens in new tab) A1F model retailing for $199.49 (use coupon code TRADAROM at checkout, valid till midnight, June 22) . Note that in both cases, delivery is free in the US but you will have to pay shipping and import fees deposit in other territories. Sales taxes may also apply depending where you live.

Both models are non-touch, offer 100% DCI-P3 color gamut, a brightness of 400 nits and a contrast ratio of 100000:1. They also offer a detachable magnetic metal stand, two USB Type-C ports (one for which is for power) and a mini HDMI one for universal coverage. At less than 7mm thick, they’re as svelte as most smartphones on the market although their weight (590g and 730g respectively) put them squarely in the tablet category.

The OLED advantage

InnoCN targets professionals that work from home as well as digital nomads that prefer to have a secondary screen when roaming around. The sizes of these monitors match the mainstream screen sizes of laptops as well.

OLED (organic light emitting diode) has been hailed – for a while – as the replacement for traditional LCD (liquid crystal displays) which itself took over from plasma display. Read this excellent explainer of the technology and its implications including, ahem, its drawbacks. Elsewhere, display giant BOE announced that it will be upping its OLED manufacturing capacity which will bring more competition to the TV and monitor market, especially on large format. 

We’ve called in a sample of the A1F and will publish a review as soon as possible.

Categories
All About Lights

Masterful Family Home in Leafy Lindfield Enclave

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

image

74 Eton Road, Lindfield NSW 2070

Auction

5 Beds

6 Baths

1303 SQM

On the Upper North Shore of Sydney, 13 kilometres north-west of the CBD sits the suburb Lindfield with its leafy outlook and family-centric community. The median house price in Lindfied is A$3.7 million, and the suburb has seen an annual growth of 24 per cent. Houses typically sit on the market in this suburb for an average of 50 days.

This stunning family home has been recently renovated and extended using only the finest materials and finishes. Boasting a high side north-facing aspect, this two-storey home is located in the highly sought-after Eton Road in Lindfield.

It features double brick construction, quality flooring, high ceilings, and offers an abundance of high-end features and fixtures including innovative lighting system, ducted air conditioning, 3000L rainwater tanks and automated security gates, under cover parking for two cars plus additional secure off-street parking for another two cars.

Adding to the home’s desirability is its immaculate location, being only 20m to the 565 bus services to Lindfield Station, Chatswood, and Macquarie Park. Lindfield village shops and eateries are close by and the Chatswood shopping centre is easily accessible from the home.

Additionally, it’s just 400m to the popular Lindfield Learning Village, 800m to Lindfield Public School, close to Newington Prep School, Roseville College, and is surrounded by Sydney’s best selective and independent schools including Ravenswood School for Girls, Pymble Ladies College, Knox Grammar, Abottsleigh and Barker College.

Providing an exclusive family retreat with convenience, space, and luxury the home is situated on over 1300 square metres of land with level lawns and sparkling in-ground swimming pool.

It offers multiple living areas, including an elegant formal lounge room, a sitting room and adjoining media room. The open plan living and dining area frames the gourmet kitchen, that boasts high-end stone benchtops with centre island, an abundance of storage plus quality Miele appliances.

The spacious dining area and family room flow to a gorgeous under cover alfresco timber deck terrace, with a built in BBQ, perfect for entertaining family and friends.

The master suite occupies an entire wing of the house with its own adjoining sitting area and dressing room, lavish walk-in robe and stunning ensuite with spa bath, making it a luxury parents’ retreat.

Ascending the home’s striking staircase leads to an additional three bedrooms, each with a private ensuite and generous built-in or walk-in robes. A fifth bedroom downstairs also serves as a second home office.

On the lower ground level, there is space for a private home gym.

Auction for this truly luxurious property is set for Saturday the 9th of July at 11:30am

Lindfield
Suburb
Snapshot


  • A$3,700,000 Median House Price

  • 23.8% Annual Growth

  • 13,505 Population

  • 40 Average Age

Categories
All About Lights

Strategies For Global High Intensity Discharge (HID) Bulbs Market Players In 2022-2031 Market Forecast Period

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

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Strategies For Global High Intensity Discharge (HID) Bulbs Market Players In 2022-2031 Market Forecast Period – Lighting Industry News Today – EIN Presswire























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Father’s Day 2022: Gift ideas for all types of dad

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

Father’s Day 2022 falls on Sunday, June 19, and while the price of gas, food and everything else keeps rising, you can still find unique gifts to give no matter what budget or what type of dad you’re shopping for.

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For the geek dad

If dad likes to show off how tech-savvy he is, getting him some new smart home products is a great idea. Toronto-based Nanoleaf offers reasonably priced smart lighting solutions. Bulbs and lightstrips sold under their Essentials line are sure to wow him.

The Nanoleaf Essentials three-pack of A19 60W bulbs ($69.99) work over Bluetooth and are Alexa, Google and HomeKit compatible. They are dimmable and are capable of producing different temperatures of white light as well as up to 12 million colours.

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Pair the bulbs with a Nanoleaf Essentials 80’ Lightstrip ($49.99) for behind the TV and help dad create an amazing visual look in his man cave.

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If dad has Google devices, like Nest Cameras or Google Home speakers, along with Apple Homekit products, like the Apple TV or HomePod Mini, help him bridge the two with the Starling Smart Hub ($99).

The Starling Smart Hub connects to your home network via Ethernet and allows you to use Nest cameras, doorbells and thermostats in your Apple Home app while also allowing you to Airplay from Apple devices to Google Home speakers. It’s the best option to bridge the gap until these two companies decide to work better together.

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If dad likes to use tech in the kitchen, the MEATER ($119.95) is a must-get. The MEATER is a wireless smart meat thermometer that uses Bluetooth to send info to your smartphone letting you know if your chicken, roast or other delicious meat is ready to come out of the oven or off the BBQ. For extended Bluetooth range, opt for the MEATER Plus ($149.95), which boosts the wireless range up to 50 m.

For the homebody dad

If dad has been working from home during the pandemic (or just not interested in going out places anymore because of the pandemic), encouraging him to take care of his health is probably a wise idea.

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The Bowflex C6 stationary bike (on sale for $1199 for Father’s Day) is an excellent machine with a small footprint. The magnetic wheel is quiet and smooth and offers 100 resistance levels. It comes with a one-year JRNY membership (regularly $199), which gives you guided workouts and allows you to connect with people to stay motivated (a tablet or smartphone is required). The bike also integrates with the Peloton and Zwift apps, among others. Extras include two 3 lb dumbbells, a Bluetooth-enabled heart rate monitor, an LCD metric console, a media/device holder, dual-sided pedals and a water bottle holder.

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To keep dad on track with his health, Withings offers a variety of health-related products, including their Body Cardio Scale and BPM Connect blood pressure monitor.

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The Body Cardio Scale ($189.99 at Best Buy) not only measures your weight, but can also detect your muscle, fat and bone mass, as well as how much of your weight is made up of water. It’s the only scale that can also run a cardio check, detecting your heart rate and giving you a vascular age — a biomarker used to assess cardiovascular health. The scale connects to WiFi and works with the Withings Health Mate app as well as with Apple Health on iOS devices.

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With the amount of additional stress on people the last couple of years, keeping an eye on your blood pressure is very important. The BPM Connect (US$99.95) is a wireless, rechargeable blood pressure monitor that is comfortable and easy to use. The unit itself has an LCD display so you can see your blood pressure reading right on your arm. Synching it with the Withings Health Mate app gives you even more detailed information and allows you to monitor and keep track of your readings.

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Staying healthy while being stuck at home also means keeping your place clean. Whether dad is a neat freak or a slob, the Shark Vertex DuoClean PowerFins Lightweight Cordless Stick Vacuum ($399) will surely impress him and get him up and cleaning.

The Shark Vertex DuoClean is a cordless, rechargeable vacuum with a 50-minute runtime on a full charge. The wand folds for easy storage and to help get under even the hardest-to-reach spots, and the dual roller head unit cleans both carpet and hardwood with ease. It also has an easy-to-empty removable dust bin and comes with a dusting brush and crevice tool.

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For the dad on the go

If dad is an Apple user who spends a lot of time in his car, both the Belkin Car Vent Mount PRO with MagSafe ($49.99 at Best Buy) and HaloLock Magnetic Wireless Car Charger Mount for iPhone ($42.99 at Amazon) are excellent options to keep his phone secure on the road.

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While the Belkin mount will only securely hold an iPhone with MagSafe capabilities, the HaloLock will hold it and wirelessly charge the phone at the same time.

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Another great option for the dad on the go is the Apple Magic Keyboard. This is available for the 3rd generation 11-inch iPad Pro/5th generation iPad Air ($399) and for the 5th generation 12.9-inch iPad Pro ($449). The Magic Keyboard not only protects the device, but also opens up its abilities to be a full workhorse with a trackpad, keyboard and external USB-C port.

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For the dad who needs to relax

If you’re trying to help dad relax, surprising him with a new smart TV or bottle of his favourite drink would definitely be appreciated.

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The Amazon Fire Omni Series TV (starting at $519.99 for the 43-inch and maxing out at $959.99 for the 75-inch) is a quality, budget-friendly 4K TV that comes loaded with the top streaming apps like Prime Video, Netflix and Disney+ and offers a huge range of other apps available to download, such as Apple TV+, Sportsnet and Global TV. The TV also has Alexa built-in and can be controlled via voice.

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If dad enjoys a drink now and then, getting him a top-shelf bottle of his favourite spirit would make him very happy.

Don Julio Blanco Tequila ($87.20), Johnnie Walker Gold Label Reserve Scotch Whisky ($89.99) and Tanqueray Blackcurrant Royale Distilled Gin ($33.45) are all excellent choices. If dad prefers beer or wine over spirits, a selection of Ontario craft beer or a bottle of wine from an Ontario winery, like Sandbanks or Jackson Triggs, will also be enjoyed.

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For the curious dad

If dad wants to know more about his family history or potential health risks, getting him a DNA kit is an excellent idea.

23andme’s basic Ancestry + Traits kit costs $99 and will give dad a general ancestry breakdown along with over 30 trait reports. Opting for the more pricey Health + Ancestry kit (regularly $199, on sale for $149) offers everything in the basic kit plus over 65 health reports, including health predisposition, wellness and carrier status, along with a family health history.

Ancestry’s basic AncestryDNA kit ($129) will help dad discover his origins and ethnicity, historical and geographic insights about his ancestors and allow him to connect with people who match his DNA. The AncestryDNA + Traits ($154) offers everything in the basic kit along with an additional 35-plus personal traits, including physical and sensory traits like male hair loss or lactose intolerance.

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Both 23andme and Ancestry have online memberships available that open up other reports and features. Visit 23andme.com or Ancestry.ca for more info.

For the video game-loving dad

If dad enjoys playing video games there are a lot of options for every platform. Kirby and the Forgotten Land ($79.99) and Switch Sports ($49.99) for the Nintendo Switch are both fun, casual games that can be enjoyed together with dad and the kids.

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Sony also recently released their new PlayStation Plus plans in an effort to compete with Microsoft’s excellent Game Pass service. The basic Essential plan is $11.99 and gives free monthly games, online multiplayer capabilities and exclusive discounts. Step up to the Extra plan for $17.99 and dad will get everything in the Essential plan plus access to a game catalogue with hundreds of games. Finally, the Premium Plan ($21.99 per month) adds to the Essential and Extra plans with a classic game catalogue, game trials and cloud streaming.

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Indoor Farming Technology Market: Segmented By Growing Medium By Crop Type And Region Global Analysis Of Market Size, Share & Trends For 20192020 And Forecasts To 2030

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

(MENAFN– GlobeNewsWire – Nasdaq)

New York, June 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report ‘Indoor Farming Technology Market: Segmented By Growing Medium ; By Crop Type and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030’ –
The indoor farming technology is a method used by various technologies to grow crops and plants inside the house. This method involves the development of soil-based, aeroponic, aquaponics, and hybrid systems to provide high-level nutrient artificial light for crop plants. Home and commercial indoor agricultural technology can be used on both small and large scales. The growing worldwide urbanization leads to significant urban gardening demand. Because of lower transport costs and fresh nutritious products at competitive rates, Indoor Farming Technology is gaining significance. Furthermore, Indoor Farming Technology is seen by offering green infrastructure and can play a significant role in global food security to provide a possible solution to the impacts of climate change. In the polluted subways around the world, the cities continue to incorporate this trend in their plans.
Market Highlights
Global Indoor Farming Technology market is expected to project a notable CAGR of 9.6% in 2030.
The key factors that increase Indoor Farming Technology’s popularity are health and nutrition, food safety and transparency, education, urban sustainability, and the increasing demand for local foods. The production of fruit and vegetables in a limited area and increasing demand for high-quality foods are some of the factors that drive the growth of the market without pesticides and herbicides.
Global Indoor Farming Technology Market: Segments
Hydroponics segment to grow with the highest CAGR during 2020-30
Global Indoor Farming Technology market is segmented by growing medium into Hydroponics, Aeroponics, and Aquaponics. Commercial producers use the hydroponics mechanism for growth. This mechanism is more easily developed and costs less than other mechanisms (ROI). Aeroponics demands a significant initial investment to compare the investment required for a hydroponics and aeroponics institution of the same size. Hydroponic mechanism refines the most water-efficient agriculture method, with negligible wastage. Control can be effectively carried out over the amount of nutrients to be delivered to the plants, enabling control over the growth process and impacting factors such as plant growth speed and size. Unlike aeroponics, plants can continue supplying water and nutrients during a long time in the event of a power outage because of the collapse of the mist spraying nozzles or because of malfunctioning. The plant is supported by a plant’s hydroponic mechanism.
Herbs & Microgreens segment to grow with the highest CAGR during 2020-30
Global Indoor Farming Technology is divided by crop type into Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals. In traditional farming, sunlight is a vital resource. Indoor Farming Technology, however, depends heavily on artificial light. Artificial light replaces sunlight and must have adequate light intensities for the growth of crops. The quantity and period of the light are the most important aspects of lighting. Lights provide either a light spectrum such as the sun or a spectrum which satisfies the plants’ needs. Differing colors, temperatures, and spectral results from the growing lights can be used to create outdoor lighting conditions and fluctuate the intensity output of lamps.
Market Dynamics
Drivers
Reduction in price of lightning mechanism
Light-emitting diodes (LEDs) are now cost-effective enough to cut farmers’ overall costs. The LED technological advancements in recent years have thus supported Indoor Farming Technology market growth. For indoor farming applications, artificial lighting is a basic requirement. In the recent past LED prices have dropped substantially, increasing efficiency and long life. The results were higher returns on investments (ROIs) for producers and the number of urban farms with profitable production was increased. Over other technologies LED lights and inter lighting systems from horticultural growers are broadly acknowledged as they are accessible with full-spectrum and can be used for various crop types.
Increase in demand for local food
The key factors that increase Indoor Farming Technology’s popularity are health and nutrition, food safety and transparency, education, urban sustainability, and the increasing demand for local foods. The production of fruit and vegetables in a limited area and increasing demand for high-quality foods are some of the factors that drive growth on the market without pesticides and herbicides.
Restraint
Lack of technological know-how
Indoor Farming Technology is an intelligent farming technique requiring technical knowledge. Limited knowledge about and use of advanced technologies creates an imbalance between comprehension and implementation of the concepts in the field of Indoor Farming Technology. The use of advanced solutions like cameras, sensors, automatic systems, hydroponic machine learning and, aquaponics or aeroponic systems often involves Indoor Farming Technology. Knowledgeable and skilled staff is necessary to manage these advanced systems.
Global Indoor Farming Technology Market: Key Players
Signify
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Osram (Germany)
Freight Farms (US)
AeroFarms (US)
Sky Greens (Singapore)
Spread Co., Ltd. (Japan)
Plenty (US)
Valoya (Finland)
Everlight Electronics Co., Ltd. (Taiwan)
Heliospectra (Sweden)
Other Prominent Players
Global Indoor Farming Technology Market: Regions
Global Indoor Farming Technology market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Indoor Farming Technology in Asia Pacific held the largest market share of XX.X% in the year 2020. APAC invests in and expands its operations in other nations in the field of Indoor Farming Technology. Sustenir (Singapore), for example, a manufacturer of agritech, launched a 30,000 square foot vertical hydroponic farm in Hong Kong, Tuen Mun, in November 2019. Hong Kong is a nation with dense demography with limited land for agriculture. Products from conventional agriculture are not sufficient to meet local requests; therefore, the country relies heavily on imported products. The same applies to other countries like Singapore. Agricultural systems and equipment in the region, like steering systems, guided systems, sensors, display devices, and farm management software, are widely adopted by farmers. Increasing use in various agricultural applications of technological advancements, reducing labour levels, consolidating farms, increasing population, and the increasing demand for high productivity from current farming areas are some other factors driving growth in the American Indoor Farming Technology market.
Global Indoor Farming Technology Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Indoor Farming Technology Market report also contains analysis on:
Indoor Farming Technology Market Segments:
By Growing Medium
Hydroponics
Aeroponics
Aquaponics
By Crop Type
Fruits & Vegetables
Herbs & Microgreens
Flowers & Ornamentals
Indoor Farming Technology Market Dynamics
Indoor Farming Technology Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Indoor Farming Technology Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Indoor Farming market?
What is the Indoor Farming market growth?
Which segment accounted for the largest Indoor Farming market share?
Who are the key players in the Indoor Farming market?
What are the factors driving the Indoor Farming market?
Read the full report:
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Sensors in Internet of Things (IoT) Devices Market Revenue Analysis by Type, Application, Regions & Forecasts by 2028

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

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Sensors in Internet of Things (IoT) Devices Market Revenue Analysis by Type, Application, Regions & Forecasts by 2028 – Energy Industry Today – EIN Presswire























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Bung Moktar: Repair works on Sandakan roads damaged by landslide to begin next month

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

Deputy Chief Minister Datuk Seri Bung Moktar Radin said the incident was believed to have occurred due to unfavourable weather conditions since the beginning of this year. ― Picture by Firdaus Latif

Deputy Chief Minister Datuk Seri Bung Moktar Radin said the incident was believed to have occurred due to unfavourable weather conditions since the beginning of this year. ― Picture by Firdaus Latif

Wednesday, 15 Jun 2022 2:06 PM MYT

SANDAKAN, June 15 ― Repair works on the slope along the road leading to the Sandakan city centre, here, following a landslide that occurred about six months ago will begin next month involving an allocation of RM1.3 million.

Deputy Chief Minister Datuk Seri Bung Moktar Radin said the incident was believed to have occurred due to unfavourable weather conditions since the beginning of this year.

“The slope needs to be repaired immediately as it is the main route to the city centre and for the safety of road users.

“We have also visited some damaged road infrastructure, bridges and lamp poles in several places in Sandakan and will forward the application to get allocations from the state or federal governments,” he said in a statement today.

Earlier, Bung Moktar visited the site of the landslide, as well as a landslip near Taman Vun Wu, the collapsed bridge (Jambatan 10) at Kampung Sim-Sim and damaged lamp poles at Jalan Batu 5.

On the public’s complaints about faulty streetlights in several areas around the Sandakan city, Bung Moktar said he had asked the state Local Government and Housing Ministry and the Sandakan Municipal Council to submit a proposal to replace the damaged infrastructure.

“I think we should replace the existing streetlights with light emitting diode (LED) or solar-powered ones that are more durable,” he said. ― Bernama

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All About Lights

Calex: George Elliott to exit as chairman

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

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Scottish technology sector veteran George Elliott is stepping down as chairman of Calnex Solutions, which provides test and measurement solutions for the global telecommunications sector, after nine years.

Stephen Davidson, who joined the Calnex board in January, has been appointed as chair designate and will succeed Mr Elliott at the end of the Alternative Investment Market-listed company’s annual meeting on August 17.

Between 2000 and 2007, Mr Elliott was chief financial officer of Wolfson Microelectronics, a supplier of semiconductors to the consumer electronics industry.

He was until 2019 non-executive chairman of AIM-listed Craneware, which supplies software and supporting services for healthcare providers in the US. Mr Elliott recently resigned as a non-executive director of Scottish video surveillance systems specialist IndigoVision, following the company’s acquisition by Motorola.

READ MORE: Ian McConnell: Sad, swift loss of head office of Scottish group built stone by stone over decades

Mr Elliott is non-executive chairman of three-dimensional, glass-based, photonic integrated circuit company Optoscribe and automotive lighting technologies group DesignLED Products.

READ MORE: Ian McConnell: Why did Tory Brexiters think this was a good idea?

Calnex noted Mr Davidson had more than 20 years of plc board experience, having acted previously as chairman at AIM-traded companies Actual Experience, RBG Holdings, and Jaywing.

Referring to Calnex founder and chief executive Tommy Cook, Mr Elliott said: “When I joined Tommy and the team in 2013 it was evident to me that the future for Calnex was an exciting one. It has been an honour to help guide the business through its subsequent growth and journey on to the public markets. I am confident there is a strong board and management team in place and, with its outstanding customer base, the ongoing transition of the telecoms industry to 5G and the growth in cloud computing, the future for Calnex is brighter than ever.”

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All About Lights

Smart Home Market Ecosystem: US$ 184.10 Billion Revenue by 2028 Forecast With Investments Growing at 11.9% CAGR

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

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Smart Home Market Ecosystem: US$ 184.10 Billion Revenue by 2028 Forecast With Investments Growing at 11.9% CAGR – Lighting Industry News Today – EIN Presswire























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SMT Placement Equipment Market Size To Grow By USD 627.46 Mn | Evolving Opportunities With Beijing Torch, FUJI Corp., And Hanwha Group | Technavio'

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

(MENAFN– PR Newswire)

NEW YORK, June 14, 2022 /PRNewswire/ — The ‘SMT Placement Equipment Market by End User and Geography – Forecast and Analysis 2021-2025 ‘ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.


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Technavio has announced its latest market research report titled SMT Placement Equipment Market by End-user and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the SMT placement equipment market between 2020 and 2025 is USD 627.46 million, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 6.04% during the projected period. The surge in demand for PCBs is notably driving the SMT placement equipment market growth. However, the high cost of deployment may impede market growth.

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to analyst .

Key Revenue-generating Segment Highlights

The SMT placement equipment market report is segmented by End User (consumer electronics, automotive, telecom, and others) and Geography (APAC, Europe, North America, MEA, and South America). 

  • The consumer electronics end-user segment held the largest SMT placement equipment market share in 2020. The segment will continue to account for the highest market share throughout the forecast period. The segment is expected to gain traction due to improvements in technologies involved in the manufacturing of consumer electronics, light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting, and liquid crystal display (LCD)/LED monitors and televisions.
  • APAC will be the leading region with 48% of the market’s growth during the forecast period. China and Japan are the key markets for SMT placement equipment market in APAC. Market growth in this region will be faster than the growth of the market in regions. The surge in demand for PCBs will facilitate the SMT placement equipment market growth in APAC over the forecast period.

View sample report for insights into the contribution of all the segments and regional opportunities

Competitive Highlights

The SMT placement equipment market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. To make the most of the opportunities and recover from post pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 

Top Companies Covered with their Offerings

    • ASM Pacific Technology Ltd.: The company offers products such as SIPLACE S Series, SIPLACE SX Series and other products.
    • Beijing Torch: The company offers a six head small high speed visual pack and place machine M6, Automatic solder paste jet printing machine P1 and other products.
    • Blakell Europlacer Ltd.: The company offers products such as iineo+, atom and others.
    • FRITSCH GmBH: The company offers Manual stencil printers such as printALL005L, printALL005 and other products
    • FUJI Corp.: The company offers FUJI Smart Factory Platform NXTR, NXTR PM and other products
    • Hanwha Group: The company offers Hanwha Precision Machinery. It is a leading worldwide Smart Factory solutions provider, offering Surface Mount Technology (SMT) mounters, semiconductor equipment and other features.
    • JUKI Automation Systems GmbH: The company offers Electronics Assemble like IX 502 / IX 302, IFLEX and other products.
    • Kulicke and Soffa Industries Inc.: The company offers Electronics Assemble like IX 502 / IX 302, IFLEX and other products.
    • Mycronic AB: The company offers MyCare Services as part of SMT solutions
    • Panasonic Corp.: The company offers products such as NPM D3A, AM 100 and other products.
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Related Reports:

Railway Couplers Market by Product and Geography – Forecast and Analysis 2022-2026

Smart Packaging Market by End-user and Geography – Forecast and Analysis 2021-2025

SMT Placement Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of about 6.04%

Market growth 2021-2025

$ 627.46 million

Market structure

Concentrated

YoY growth (%)

2.39

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ASM Pacific Technology Ltd., Beijing Torch, Blakell Europlacer Ltd., FRITSCH GmBH, FUJI Corp., Hanwha Group, JUKI Automation Systems GmbH, Kulicke and Soffa Industries Inc., Mycronic AB, and Panasonic Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 15: End user – Market share 2020-2025 (%)
  • 5.2 Comparison by End-user
  • 5.3 Consumer electronics – Market size and forecast 2020-2025
    • Exhibit 17: Consumer electronics – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Consumer electronics – Year-over-year growth 2020-2025 (%)
  • 5.4 Automotive – Market size and forecast 2020-2025
    • Exhibit 19: Automotive – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Automotive – Year-over-year growth 2020-2025 (%)
  • 5.5 Telecom – Market size and forecast 2020-2025
    • Exhibit 21: Telecom – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Telecom – Year-over-year growth 2020-2025 (%)
  • 5.6 Others – Market size and forecast 2020-2025
    • Exhibit 23: Others – Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Others – Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 25: Market opportunity by End-user

6 Customer Landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 27: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 28: Geographic comparison
  • 7.3 APAC – Market size and forecast 2020-2025
    • Exhibit 29: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: APAC – Year-over-year growth 2020-2025 (%)
  • 7.4 Europe – Market size and forecast 2020-2025
    • Exhibit 31: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: Europe – Year-over-year growth 2020-2025 (%)
  • 7.5 North America – Market size and forecast 2020-2025
    • Exhibit 33: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: North America – Year-over-year growth 2020-2025 (%)
  • 7.6 MEA – Market size and forecast 2020-2025
    • Exhibit 35: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: MEA – Year-over-year growth 2020-2025 (%)
  • 7.7 South America – Market size and forecast 2020-2025
    • Exhibit 37: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 38: South America – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 39: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 40: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 41: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 42: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 43: Landscape disruption
    • Exhibit 44: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 45: Vendors covered
  • 10.2 Market positioning of vendors
  • 10.3 ASM Pacific Technology Ltd.
    • Exhibit 47: ASM Pacific Technology Ltd. – Overview
    • Exhibit 48: ASM Pacific Technology Ltd. – Business segments
    • Exhibit 49: ASM Pacific Technology Ltd. – Key news
    • Exhibit 50: ASM Pacific Technology Ltd. – Key offerings
    • Exhibit 51: ASM Pacific Technology Ltd. – Segment focus
  • 10.4 Beijing Torch
    • Exhibit 52: Beijing Torch – Overview
    • Exhibit 53: Beijing Torch – Product and service
    • Exhibit 54: Beijing Torch – Key offerings
  • 10.5 Blakell Europlacer Ltd.
    • Exhibit 55: Blakell Europlacer Ltd. – Overview
    • Exhibit 56: Blakell Europlacer Ltd. – Product and service
    • Exhibit 57: Blakell Europlacer Ltd. – Key offerings
  • 10.6 FRITSCH GmBH
    • Exhibit 58: FRITSCH GmBH – Overview
    • Exhibit 59: FRITSCH GmBH – Product and service
    • Exhibit 60: FRITSCH GmBH – Key offerings
  • 10.7 FUJI Corp.
    • Exhibit 61: FUJI Corp. – Overview
    • Exhibit 62: FUJI Corp. – Business segments
    • Exhibit 63: FUJI Corp. – Key offerings
    • Exhibit 64: FUJI Corp. – Segment focus
  • 10.8 Hanwha Group
    • Exhibit 65: Hanwha Group – Overview
    • Exhibit 66: Hanwha Group – Product and service
    • Exhibit 67: Hanwha Group – Key news
    • Exhibit 68: Hanwha Group – Key offerings
  • 10.9 JUKI Automation Systems GmbH
    • Exhibit 69: JUKI Automation Systems GmbH – Overview
    • Exhibit 70: JUKI Automation Systems GmbH – Product and service
    • Exhibit 71: JUKI Automation Systems GmbH – Key news
    • Exhibit 72: JUKI Automation Systems GmbH – Key offerings
  • 10.10 Kulicke and Soffa Industries Inc.
    • Exhibit 73: Kulicke and Soffa Industries Inc. – Overview
    • Exhibit 74: Kulicke and Soffa Industries Inc. – Business segments
    • Exhibit 75: Kulicke and Soffa Industries Inc. – Key news
    • Exhibit 76: Kulicke and Soffa Industries Inc. – Key offerings
    • Exhibit 77: Kulicke and Soffa Industries Inc. – Segment focus
  • 10.11 Mycronic AB
    • Exhibit 78: Mycronic AB – Overview
    • Exhibit 79: Mycronic AB – Business segments
    • Exhibit 80: Mycronic AB – Key offerings
    • Exhibit 81: Mycronic AB – Segment focus
  • 10.12 Panasonic Corp.
    • Exhibit 82: Panasonic Corp. – Overview
    • Exhibit 83: Panasonic Corp. – Business segments
    • Exhibit 84: Panasonic Corp. – Key news
    • Exhibit 85: Panasonic Corp. – Key offerings
    • Exhibit 86: Panasonic Corp. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 87: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 88: Research Methodology
    • Exhibit 89: Validation techniques employed for market sizing
    • Exhibit 90: Information sources
  • 11.4 List of abbreviations
    • Exhibit 91: List of abbreviations

About Us

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

Contact Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[email protected] Website: 

SOURCE Technavio

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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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India Covid News Live Updates

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

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National Herald case News Live Updates: The Enforcement Directorate has summoned Congress MP Rahul Gandhi for questioning for the 4th time on Friday in the National Herald money laundering case, officials said Wednesday. They said the Congress MP sought exemption for Thursday which was allowed.

Rahul Gandhi appeared before the ED on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers about his “personal role” in taking decisions with regard to the media organisation and its owner Young Indian.

Gandhi (51) arrived at the ED headquarters on APJ Abdul Kalam Road in central Delhi around 11.35 am with his “Z+” category CRPF security escort.

He was accompanied by his sister and Congress general secretary Priyanka Gandhi Vadra as his convoy whizzed past police barricades thronged by media persons and party supporters.

A huge contingent of police and paramilitary personnel has been deployed around the federal agency’s office, and prohibitory orders under section 144 of the Code of Criminal Procedure (CrPC) are in force

!1 New UpdateClick here for latest updates

National Herald case: Rahul Gandhi leaves ED office after over 8-hour of questioning by agency on 3rd day of appearance

US officials say Biden administration to announce about $1 billion in new military aid to Ukraine, reports AP

Rajnath Singh to visit Jammu & Kashmir on a two-day visit- June 16 & 17

J&K: One police personnel got injured after terrorists hurled a grenade at a CRPF vehicle in the Padshahi bagh area of Anantnag district

ED asks Congress leader Rahul Gandhi to appear on Friday to rejoin the investigation in the National Herald case

Prez Poll: BJP chief J P Nadda speaks to leaders from NC, National People’s Party, Naga People’s Front, AJSU and independents

India’s squad for T20I series against Ireland announced

Hardik Pandya (Captain), Bhuvneshwar Kumar (vice-captain), Ishan Kishan, Ruturaj Gaikwad, Sanju Samson, Suryakumar Yadav, Venkatesh Iyer, Deepak Hooda, Rahul Tripathi, Dinesh Karthik (wicket-keeper), Yuzvendra Chahal.

Hardik Pandya to lead the Indian team in the two-match T20I series against Ireland later this month: BCCI

AITC delegation to meet Giriraj Singh

A 10-MP delegation of AITC led by Sudip Bandopadhyay will meet Giriraj Singh on June 16th to discuss pending issues relating to MNREGA

European medicines watchdog starts review of adapted Pfizer Covid vaccine targeting Omicron

BJP leader Rajnath Singh speaks to NCP chief Sharad Pawar and BSP supremo Mayawati on presidential election

Massive fire broke out at PNP theatre in Alibag area at around 5pm

U.S. plans $650 mln more for weapons, equipment for Ukraine

U.S. President Joe Biden’s administration is planning a $650 million tranche of funding for military weapons and equipment for Ukraine that would include vehicle-mounted Harpoon anti-ship missiles, a Bloomberg reporter said on Twitter, citing sources.

Russia’s central bank recommends no banks pay no dividends, bonuses in 2022

Russia’s central bank on Wednesday recommended in a letter to banks that they should not pay dividends or bonuses in 2022. In the letter, the central bank’s deputy chairman, Dmitry Tulin, said financial institutions should refrain from making the payments “to ensure financial stability”.

Adhir Ranjan Chowdhury seeks Om Birla’s intervention

Congress’s Adhir Ranjan Chowdhury seeks Lok Sabha Speaker Om Birla’s intervention alleging “inhuman treatment & humiliation meted out to party leader Rahul Gandhi by ED.”

Navy to recruit 3,000 ‘Agniveers’ under new Agnipath scheme in first year: Western Naval Commander

Petition against UP demolitions in Supreme Court tomorrow

Supreme Court to hear tomorrow Jamiat Ulama-I-Hind’s plea against demolition drive & seeking to issue directions to UP govt not to take precipitative action against residential or commercial property of any accused in any criminal proceedings as an extra-legal punitive measure.

India’s mineral output rises 8 per cent in April

The government on Wednesday said the country’s mineral production rose by 7.8 per cent in April 2022 over the same month a year ago. The index of mineral production of mining and quarrying sector for the month stood at 116, which was 7.8 per cent higher as compared to the level in April last year, the mines ministry said in a statement.

Jama Masjid protest

Delhi Police bound down under section 41A one 72-year-old Anwaruddin for forcibly making shopkeepers of Motor Market close their shops in support of the protest & demonstration. He has previous involvement in 10 cases incl 3 riot cases: DCP Central Shweta Chauhan

BJP leader Rajnath Singh also speaks to BJD’s Naveen Patnaik and Nitish Kumar of JD(U) on presidential poll

Tomato rates up 44 pc in Delhi in one month to Rs 46/kg

The price of tomatoes in the national capital has jumped 44 per cent in the last one month to Rs 46 per kg with supply being disrupted due to heat wave and lower production in South India. According to data available on the website of the Department of Consumer Affairs, tomato prices in Delhi have risen to Rs 46 per kg as on Wednesday from Rs 32 per kg on May 16.

Mumbai reports 2,293 new COVID-19 cases, one death linked to infection: BMC bulletin

Mumbai on Wednesday reported 2,293 new COVID-19 cases, the highest daily count since January 23, and one fresh death linked to the infection, the city civic body said.With these additions, the tally of COVID-19 cases rose to 10,85,882, while the death toll increased to 19,576, said a Brihanmumbai Municipal Corporation (BMC) bulletin.

BJP leader Rajnath Singh speaks to Mallikarjun Kharge, Mamata Banerjee, Akhilesh Yadav on presidential poll

Maharashtra reports 4024 new COVID19 cases, 3028 recoveries and 2 deaths in the last 24 hours

Active cases 19,261

Rain alert

Assam | All educational institutions in Dima Hasao district to remain closed till 18th June due to heavy rainfall alert: District Disaster Management Authority

Delhi reports 1,375 new cases today, positivity rate rises to 7.01%

Active cases at 3,643

Update on Presidential poll

Following Gazette notification by ECI for the Presidential poll today, 11 candidates filed their nominations. Out of 11 nominations filed, one nomination was rejected due to incomplete documents: ANI Sources

Cong will play constructive role in ensuring Oppn parties arrive at consensus candidate for presidential poll: LOP Mallikarjun Kharge

Mamata Banerjee suggested names of Farooq Abdullah, Gopalkrishna Gandhi as oppn candidates for presidential poll: RSP’s NK Premchandran

Production of Petrol and Diesel in the country is more than sufficient to take care of any demand surge: Govt

Sufficient supplies of Petrol and Diesel are being made available to cater to the extra demand.

Election Commission initiates revision of electoral rolls in Jammu and Kashmir; draft rolls to be prepared by August 31: PTI Sources

All parties requested NCP leader Sharad Pawar to contest President’s poll as Opposition’s candidate, but he declined: DMK’s T R Baalu

Opposition leaders adopt a resolution to field a common candidate in the forthcoming Presidential election

Several parties were here today. We’ve decided we will choose only one consensus candidate. Everybody will give this candidate our support. We will consult with others. This is a good beginning. We sat together after several months, and we will do it again: Mamata Banerjee, TMC

Rainfall activity likely to increase in these areas

Rainfall activity is likely to increase gradually over Bihar, Jharkhand, Odisha and Gangetic West Bengal with fairly widespread to widespread rainfall with thunderstorm/ lightning/gusty winds during the next five days: India Meteorological Department

Congress alleges that Delhi Police personnel forcibly entered its headquarters and beat up workers, demands FIR

Assam | I announce that those who come back from the ‘Agniveer’ program after 4 years, will be prioritized in the Assam Arogya Nidhi initiative: CM Himanta Biswa Sarma

Gazette notification issued for 16th Presidential Election today

Vice Admiral Ajendra Bahadur Singh, FOC-in-Chief Western Naval Command on Agnipath scheme

The induction of women will depend on the service’s operational requirement. There’s a provision that if the service wants, can recruit (women). No percentage decided, will be finalized as we go along: Vice Admiral Ajendra Bahadur Singh, FOC-in-Chief Western Naval Command

Chairperson of the African Union Commission Moussa Faki Mahamat has condemned a terrorist attack in BurkinaFaso.

In a tweet, the chairperson strongly condemned the unspeakable and despicable attack in Seytenga and offered his condolences to the bereaved families, the authorities, and the people of Burkina Faso.The Burkina Faso government disclosed earlier on Tuesday that the death toll from an attack over the weekend on the commune of Seytenga in Burkina Faso’s Sahel region has risen from 50 to 79, Xinhua new agency reported.The attack by unidentified gunmen against the Seytenga commune of Seno province in northern Burkina Faso happened overnight between Saturday and Sunday.A national mourning period of 72 hours from Tuesday to Thursday for the victims had also been announced by the government.

Qualcomm wins its bid to topple a $1 billion European Union antitrust fine for allegedly pressuring Apple to only buy its 4G chips

U.S. chipmaker Qualcomm on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp.The European Commission in its 2018 decision said the anti-competitive practice took place from 2011 to 2016, with Qualcomm paying billions of dollars to Apple to use its chips in all its iPhones and iPads.

Rajasthan MLA ShobhaRaniKushwaha, who dented the BJP by cross-voting in the RajyaSabha elections, was expelled from the party.The decision was taken by the Central Disciplinary Committee.

Ms. Kushwah, who was elected to the Dholpur constituency in the 2018 Assembly election, received a notice from the BJP’s central disciplinary committee, requesting her to show cause why she should not be dismissed from the party’s main membership. Ms. Kushwah was informed that she had been suspended from the BJP, as well as all other responsibilities, depending on the outcome of the investigation.

RelinaceJio bp and Zomato, announced that they have entered an agreement to support Zomato’s commitment to — The Climate Group’s EV100 initiative . Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations.

Govt looks for new Nabard chairman

The government is looking to hire a new chairman of National Bank for Agriculture and Rural Development (Nabard) to replace GR Chintala, who will be demitting office on August 1. Chintala was appointed as the Nabard Chairman in May 2020.Even those working in private sector banks and financial institutions and organisations in agriculture, cooperative and rural development sectors, with relevant experience will be eligible for the appointment.

Russia targets ammunitions depot in western Ukraine

The Russian military said Wednesday that it used long-range missiles to destroy a depot in the western Lviv region of Ukraine where ammunition for NATO-supplied weapons was being stored. Those strikes came as fighting raged for the city of Sievierodonetsk in the eastern Donbas area, the key focus of Russia’s offensive in recent weeks.Russia-backed separatists accused Ukrainian forces of sabotaging an evacuation of civilians from the city’s besieged Azot chemical plant, where about 500 civilians and an unknown number of Ukrainian fighters are believed to be sheltering. It wasn’t possible to verify that claim.

Fresh landslides reported in Assam; heavy waterlogging in parts of Guwahati

Guwahati, Fresh landslides were reported from various parts of Guwahati for the second consecutive day on Wednesday amid incessant rainfall, which also led to heavy waterlogging in most parts of the city, officials said. There was no report of any fresh casualty during the day.The state has registered 42 deaths due to floods and landslides this year, including the four who were buried under a huge mass of earth in Boragaon area on Tuesday.

Kishida to become first Japan PM to attend NATO summit

Japanese Prime Minister Fumio Kishida said on Wednesday he planned to attend the NATO summit later this month, which would make him the first Japanese leader to do so.”I intend to make an appeal that changing the status quo unilaterally by force is unacceptable anywhere in the world and that security in Europe is inseparable from security in Indo-Pacific,” Kishida told a news conference.

CET exam centres to be videographed to curb malpractices, says Karnataka minister

Karnataka Higher Education Minister C N Ashwath Narayan on Wednesday said examination centres will be videographed during the Common Entrance Test (CET) for professional courses in the state this year, aimed at curbing exam malpractices. These exams are for admissions to engineering, agriculture, veterinary, pharmacy, and other courses from June 16-18.A total of 2,16,525 candidates have registered for CET-2022, and the examination will be conducted in 486 examination centres across the state, out of which 87 are located in Bengaluru and 399 are in the rest of the state, the minister’s office said in a release.

Ford recalls nearly 3 million vehicles over gear issue

Ford Motor Co is recalling 2.9 million vehicles due to a defect that prevents the vehicle from shifting into the intended gear, causing it move in an unexpected direction, the National Highway Traffic Safety Administration said.The recall affects certain 2013-2019 Escape, 2013-2018 C-Max, 2013-2016 Fusion and 2013-2021 Transit Connect and 2015-2018 Edge vehicles, the NHTSA said in a notice posted on Tuesday.

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added.According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO (Initial Public Offering) process.

Presidents Xi and Putin speak by phone, Chinese state media says

Chinese President Xi Jinping spoke by phone with his Russian counterpart Vladimir Putin, Chinese state broadcaster CCTV reported on Wednesday.It did not immediately provide further details.

SpaceX will get ready to take off its first orbital flight in July, Founder and CEO ElonMusk has said.

“Starship will be ready to fly next month,” Musk said on Twitter. SpaceX is approaching the next key milestone in the development of its Starship rocket, as the firm strives to meet environmental impact regulations laid out by the Federal Aviation Administration this week. Elon Musk announced on Tuesday that a Starship prototype rocket will be “ready to fly” by July, with his space company seeking to reach orbit for the first time with the vehicle.

Rupee slips 8 paise to close at all-time low of 78.12 (provisional) against US dollar

Monsoon likely to enter Odisha in 48 hrs: IMD

The southwest monsoon may arrive in Odisha in the next 48 hours, according to the India Meteorological Department’s Bhubaneswar centre. The Bhubaneswar meteorological centre tweeted, “Conditions are favourable for the onset of southwest monsoon over Odisha in the next 48 hours.”

Samsung Electronics plans to move around 300 workers from its display business’ liquid crystal display (LCD) division to the company’s semiconductor unit, sources said.

The plan comes after Samsung Display, a unit of the tech giant, stopped producing LCD panels for TVs this month due to falling prices, and a supply glut due to competition from Chinese panel makers. Samsung Display has scaled down its TV LCD business since mid-2010, reports Yonhap news agency.In 2020, the panel maker said it would end the business in a gradual move toward more profitable high-end products, including organic light-emitting diode (OLED) panels.

Meeting of opposition leaders started in Delhi

Ahead of the next month’s Presidential poll, a meeting of opposition leaders called by Trinamool Congress supremo and West Bengal chief minister MamataBanerjee has started in Delhi to build consensus for fielding a joint opposition candidate.

Leaders of 16 parties – Congress, CPI, CPI(M), CPIML, RSP, Shiv Sena, NCP, RJD, SP, National Conference, PDP, JD(S), DMK, RLD, IUML and JMM – arrive at the opposition leaders’ meeting called by TMC leader and West Bengal CM Mamata Banerjee ahead of Presidential election.

Congress leader Sachin Pilot detained by police amid protests by party workers over the questioning of Rahul Gandhi by the Enforcement Directorate in the National Herald case

In the wake of massive protests against Rahul Gandhi’s grilling by the Enforcement Directorate in an alleged money laundering case involving the National Herald newspaper, prominent Congress leader Sachin Pilot was detained today. For the third day in a row, Rahul Gandhi, the former Congress president, was questioned by the ED.Several Congress workers were also detained outside the party’s headquarters and the ED office, where they were holding demonstrations and shouting slogans in support of Rahul Gandhi. Some members of the Youth Congress and Mahila Congress were pulled and carried away on buses.

At least 17 parties attend opposition meeting convened by Mamata Banerjee to deliberate on consensus presidential candidate.

Last week, TMC supremo Mamata Banerjee wrote to 22 opposition leaders and chief ministers requesting them to attend the meeting on June 15 at the Constitution Club in New Delhi. Non-BJP parties, including Congress president Sonia Gandhi, Delhi Chief Minister Arvind Kejriwal and CPI(M) general secretary Sitaram Yechury.

EU court annuls Qualcomm’s billion-euro antitrust fine

A top EU court on Wednesday annulled a nearly one-billion-euro antitrust fine imposed against US chipmaking giant Qualcomm by the European Commission in 2018.The General Court said the commission “committed a number of irregularities” when it put the case together, affecting Qualcomm’s rights of defence. The fine amounted to $1.2 billion at the time.

On behalf of Haryana Govt, I assure everyone that the 75% of agniveers (who would be relieved after 4 years of service from armed forces) will be given priority in govt jobs, if they want one. Similar schemes of giving them priority will also be made in other jobs too: Haryana CM

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Presidential Election News Live

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

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Covid news live updates: Maharashtra reported 4024 new COVID-19 cases, 3028 recoveries and 2 deaths in the last 24 hours. According to the latest report of BJ Medical College, Pune, 4 patients of BA.5 variant have been reported in the state.

Delhi recorded 1,375 new Covid cases on Wednesday while the positivity rate rose to 7.01 per cent, according to data shared by the health department here.

No fatalities were reported due to the infection.

This is the second consecutive day that Delhi has recorded over 1,100 cases in a day.

With the new cases reported on Wednesday, Delhi’s tally of COVID-19 cases increased to 19,15,905 and the death toll stood at 26,223, the department said in its latest bulletin.

On Tuesday, Delhi had logged 1,118 cases and two deaths while the positivity rate was at 6.50 per cent.

Delhi on Monday reported 614 new COVID-19 cases and zero death due to the disease, while the positivity rate stood at 7.06 per cent.

!1 New UpdateClick here for latest updates

Mumbai reports 2,293 new COVID-19 cases, one death linked to infection: BMC bulletin

BJP leader Rajnath Singh speaks to Mallikarjun Kharge, Mamata Banerjee, Akhilesh Yadav on presidential poll

Maharashtra reports 4024 new COVID19 cases, 3028 recoveries and 2 deaths in the last 24 hours

Active cases 19,261

Rain alert

Assam | All educational institutions in Dima Hasao district to remain closed till 18th June due to heavy rainfall alert: District Disaster Management Authority

Delhi reports 1,375 new cases today, positivity rate rises to 7.01%

Active cases at 3,643

Update on Presidential poll

Following Gazette notification by ECI for the Presidential poll today, 11 candidates filed their nominations. Out of 11 nominations filed, one nomination was rejected due to incomplete documents: ANI Sources

Cong will play constructive role in ensuring Oppn parties arrive at consensus candidate for presidential poll: LOP Mallikarjun Kharge

Mamata Banerjee suggested names of Farooq Abdullah, Gopalkrishna Gandhi as oppn candidates for presidential poll: RSP’s NK Premchandran

Production of Petrol and Diesel in the country is more than sufficient to take care of any demand surge: Govt

Sufficient supplies of Petrol and Diesel are being made available to cater to the extra demand.

Election Commission initiates revision of electoral rolls in Jammu and Kashmir; draft rolls to be prepared by August 31: PTI Sources

All parties requested NCP leader Sharad Pawar to contest President’s poll as Opposition’s candidate, but he declined: DMK’s T R Baalu

Opposition leaders adopt a resolution to field a common candidate in the forthcoming Presidential election

Several parties were here today. We’ve decided we will choose only one consensus candidate. Everybody will give this candidate our support. We will consult with others. This is a good beginning. We sat together after several months, and we will do it again: Mamata Banerjee, TMC

Rainfall activity likely to increase in these areas

Rainfall activity is likely to increase gradually over Bihar, Jharkhand, Odisha and Gangetic West Bengal with fairly widespread to widespread rainfall with thunderstorm/ lightning/gusty winds during the next five days: India Meteorological Department

Congress alleges that Delhi Police personnel forcibly entered its headquarters and beat up workers, demands FIR

Assam | I announce that those who come back from the ‘Agniveer’ program after 4 years, will be prioritized in the Assam Arogya Nidhi initiative: CM Himanta Biswa Sarma

Gazette notification issued for 16th Presidential Election today

Vice Admiral Ajendra Bahadur Singh, FOC-in-Chief Western Naval Command on Agnipath scheme

The induction of women will depend on the service’s operational requirement. There’s a provision that if the service wants, can recruit (women). No percentage decided, will be finalized as we go along: Vice Admiral Ajendra Bahadur Singh, FOC-in-Chief Western Naval Command

Chairperson of the African Union Commission Moussa Faki Mahamat has condemned a terrorist attack in BurkinaFaso.

In a tweet, the chairperson strongly condemned the unspeakable and despicable attack in Seytenga and offered his condolences to the bereaved families, the authorities, and the people of Burkina Faso.The Burkina Faso government disclosed earlier on Tuesday that the death toll from an attack over the weekend on the commune of Seytenga in Burkina Faso’s Sahel region has risen from 50 to 79, Xinhua new agency reported.The attack by unidentified gunmen against the Seytenga commune of Seno province in northern Burkina Faso happened overnight between Saturday and Sunday.A national mourning period of 72 hours from Tuesday to Thursday for the victims had also been announced by the government.

Qualcomm wins its bid to topple a $1 billion European Union antitrust fine for allegedly pressuring Apple to only buy its 4G chips

U.S. chipmaker Qualcomm on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago for paying Apple to use only its chips and blocking out rivals such as Intel Corp.The European Commission in its 2018 decision said the anti-competitive practice took place from 2011 to 2016, with Qualcomm paying billions of dollars to Apple to use its chips in all its iPhones and iPads.

Rajasthan MLA ShobhaRaniKushwaha, who dented the BJP by cross-voting in the RajyaSabha elections, was expelled from the party.The decision was taken by the Central Disciplinary Committee.

Ms. Kushwah, who was elected to the Dholpur constituency in the 2018 Assembly election, received a notice from the BJP’s central disciplinary committee, requesting her to show cause why she should not be dismissed from the party’s main membership. Ms. Kushwah was informed that she had been suspended from the BJP, as well as all other responsibilities, depending on the outcome of the investigation.

RelinaceJio bp and Zomato, announced that they have entered an agreement to support Zomato’s commitment to — The Climate Group’s EV100 initiative . Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations.

Govt looks for new Nabard chairman

The government is looking to hire a new chairman of National Bank for Agriculture and Rural Development (Nabard) to replace GR Chintala, who will be demitting office on August 1. Chintala was appointed as the Nabard Chairman in May 2020.Even those working in private sector banks and financial institutions and organisations in agriculture, cooperative and rural development sectors, with relevant experience will be eligible for the appointment.

Russia targets ammunitions depot in western Ukraine

The Russian military said Wednesday that it used long-range missiles to destroy a depot in the western Lviv region of Ukraine where ammunition for NATO-supplied weapons was being stored. Those strikes came as fighting raged for the city of Sievierodonetsk in the eastern Donbas area, the key focus of Russia’s offensive in recent weeks.Russia-backed separatists accused Ukrainian forces of sabotaging an evacuation of civilians from the city’s besieged Azot chemical plant, where about 500 civilians and an unknown number of Ukrainian fighters are believed to be sheltering. It wasn’t possible to verify that claim.

Fresh landslides reported in Assam; heavy waterlogging in parts of Guwahati

Guwahati, Fresh landslides were reported from various parts of Guwahati for the second consecutive day on Wednesday amid incessant rainfall, which also led to heavy waterlogging in most parts of the city, officials said. There was no report of any fresh casualty during the day.The state has registered 42 deaths due to floods and landslides this year, including the four who were buried under a huge mass of earth in Boragaon area on Tuesday.

Kishida to become first Japan PM to attend NATO summit

Japanese Prime Minister Fumio Kishida said on Wednesday he planned to attend the NATO summit later this month, which would make him the first Japanese leader to do so.”I intend to make an appeal that changing the status quo unilaterally by force is unacceptable anywhere in the world and that security in Europe is inseparable from security in Indo-Pacific,” Kishida told a news conference.

CET exam centres to be videographed to curb malpractices, says Karnataka minister

Karnataka Higher Education Minister C N Ashwath Narayan on Wednesday said examination centres will be videographed during the Common Entrance Test (CET) for professional courses in the state this year, aimed at curbing exam malpractices. These exams are for admissions to engineering, agriculture, veterinary, pharmacy, and other courses from June 16-18.A total of 2,16,525 candidates have registered for CET-2022, and the examination will be conducted in 486 examination centres across the state, out of which 87 are located in Bengaluru and 399 are in the rest of the state, the minister’s office said in a release.

Ford recalls nearly 3 million vehicles over gear issue

Ford Motor Co is recalling 2.9 million vehicles due to a defect that prevents the vehicle from shifting into the intended gear, causing it move in an unexpected direction, the National Highway Traffic Safety Administration said.The recall affects certain 2013-2019 Escape, 2013-2018 C-Max, 2013-2016 Fusion and 2013-2021 Transit Connect and 2015-2018 Edge vehicles, the NHTSA said in a notice posted on Tuesday.

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday. The digital payment company is seeking a valuation of USD 8-10 billion, they added.According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO (Initial Public Offering) process.

Presidents Xi and Putin speak by phone, Chinese state media says

Chinese President Xi Jinping spoke by phone with his Russian counterpart Vladimir Putin, Chinese state broadcaster CCTV reported on Wednesday.It did not immediately provide further details.

SpaceX will get ready to take off its first orbital flight in July, Founder and CEO ElonMusk has said.

“Starship will be ready to fly next month,” Musk said on Twitter. SpaceX is approaching the next key milestone in the development of its Starship rocket, as the firm strives to meet environmental impact regulations laid out by the Federal Aviation Administration this week. Elon Musk announced on Tuesday that a Starship prototype rocket will be “ready to fly” by July, with his space company seeking to reach orbit for the first time with the vehicle.

Rupee slips 8 paise to close at all-time low of 78.12 (provisional) against US dollar

Monsoon likely to enter Odisha in 48 hrs: IMD

The southwest monsoon may arrive in Odisha in the next 48 hours, according to the India Meteorological Department’s Bhubaneswar centre. The Bhubaneswar meteorological centre tweeted, “Conditions are favourable for the onset of southwest monsoon over Odisha in the next 48 hours.”

Samsung Electronics plans to move around 300 workers from its display business’ liquid crystal display (LCD) division to the company’s semiconductor unit, sources said.

The plan comes after Samsung Display, a unit of the tech giant, stopped producing LCD panels for TVs this month due to falling prices, and a supply glut due to competition from Chinese panel makers. Samsung Display has scaled down its TV LCD business since mid-2010, reports Yonhap news agency.In 2020, the panel maker said it would end the business in a gradual move toward more profitable high-end products, including organic light-emitting diode (OLED) panels.

Meeting of opposition leaders started in Delhi

Ahead of the next month’s Presidential poll, a meeting of opposition leaders called by Trinamool Congress supremo and West Bengal chief minister MamataBanerjee has started in Delhi to build consensus for fielding a joint opposition candidate.

Leaders of 16 parties – Congress, CPI, CPI(M), CPIML, RSP, Shiv Sena, NCP, RJD, SP, National Conference, PDP, JD(S), DMK, RLD, IUML and JMM – arrive at the opposition leaders’ meeting called by TMC leader and West Bengal CM Mamata Banerjee ahead of Presidential election.

Congress leader Sachin Pilot detained by police amid protests by party workers over the questioning of Rahul Gandhi by the Enforcement Directorate in the National Herald case

In the wake of massive protests against Rahul Gandhi’s grilling by the Enforcement Directorate in an alleged money laundering case involving the National Herald newspaper, prominent Congress leader Sachin Pilot was detained today. For the third day in a row, Rahul Gandhi, the former Congress president, was questioned by the ED.Several Congress workers were also detained outside the party’s headquarters and the ED office, where they were holding demonstrations and shouting slogans in support of Rahul Gandhi. Some members of the Youth Congress and Mahila Congress were pulled and carried away on buses.

At least 17 parties attend opposition meeting convened by Mamata Banerjee to deliberate on consensus presidential candidate.

Last week, TMC supremo Mamata Banerjee wrote to 22 opposition leaders and chief ministers requesting them to attend the meeting on June 15 at the Constitution Club in New Delhi. Non-BJP parties, including Congress president Sonia Gandhi, Delhi Chief Minister Arvind Kejriwal and CPI(M) general secretary Sitaram Yechury.

EU court annuls Qualcomm’s billion-euro antitrust fine

A top EU court on Wednesday annulled a nearly one-billion-euro antitrust fine imposed against US chipmaking giant Qualcomm by the European Commission in 2018.The General Court said the commission “committed a number of irregularities” when it put the case together, affecting Qualcomm’s rights of defence. The fine amounted to $1.2 billion at the time.

On behalf of Haryana Govt, I assure everyone that the 75% of agniveers (who would be relieved after 4 years of service from armed forces) will be given priority in govt jobs, if they want one. Similar schemes of giving them priority will also be made in other jobs too: Haryana CM

Rahul Gandhi left the ED office

Nomination process for presidential election begins

he process to file nominations for the presidential election began on Wednesday with the Election Commission issuing a notification calling upon the electors to fill the vacancy. The election is scheduled to be held on July 18. The nomination process began on a day when various opposition parties are meeting in Delhi to decide on a presidential candidate.The nominations can be filed till June 29 and the scrutiny of the papers will take place on June 30. July 2 has been decided as the last date of withdrawing from the electoral battle.The counting will be held here on July 21.

Tech billionaire ElonMusk has estimated that his electric vehicle company Tesla’s full self-driving (FSD) Beta version 11 would be ready for wide release by the summer of 2022.

He stated that the next edition of FSD Beta would have even more significant enhancements, particularly in the area of roundabout maneuverability.A Tesla FSD Beta tester recently lauded Musk and the Autopilot Team for their progress on autonomous software

UttarPradesh is all set to emerge as a hub of distilleries, with as many as 13 new distillery plants being set up with an investment of Rs 20,000 crore.

The state government has been working hard to reform the excise system through various initiatives in order to free it from the control of the liquor mafia. The state will soon be a liquor exporter, as well as a supplier of booze to other states and countries. In a ground-breaking event, Prime Minister Narendra Modi laid the foundation stone for 13 distillery plants with a total investment of Rs 20,000 crore.Bareilly and Shahjahanpur will each have two distillery facilities, while Deoria, Amroha, Rampur, Lakhimpur Kheri, Gorakhpur, and Sitapur will each have one.

Hanuman Chalisa row | Mumbai Sessions Court adjourns for June 27 the hearing in a plea seeking cancellation of bail of MP Navneet Rana and MLA Ravi Rana citing violation of bail conditions

Bihar cancels STET exam 2022 with immediate effect

In a letter to the Bihar School Examination Committee, the Bihar Primary Education Director stated that because the CTET tests are held on a regular basis, the department has decided not to hold the STET exam in 2022. The Centre conducts the Central Teacher Eligibility Test (CTET) every year. As a result, the Bihar government believes that the Teacher Eligibility Test (TET) should not be conducted separately from the state government.

Russia says destroyed depot of weapons from NATO in western Ukraine

According to the governor of the Ternopil district, a rocket attack from the Black Sea on the city of Chortkiv partially destroyed a military complex, injuring 22 persons. There were no weapons stored there, according to a local authority.

Bitcoin drops below $20,500

Yes Bank to hold AGM on July 15 to seeks shareholders’ nod for raising Rs 10,000 cr

Yes Bank to hold AGM on July 15, 2022, to seek shareholders’ nod to raise up to Rs 10,000 cr via debt instruments

Rains likely in North India during 16th-18th June: IMD

India’s May trade deficit widens to $24.29 billion

India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday.May’s trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports rose 20.55% to $38.94 billion, revised trade data released by the Ministry of Commerce and Industry showed

Owaisi ‘not invited’ to Mamata’s meeting, says ‘would not have attended because of Congress’

UAE to suspend exports of Indian wheat for four months

UAE Ministry of Economy places 4-month stop to all exports of wheat from India. 4-month period starts from May 13 and applies to free zone businesses too.

LinkedIn announced partnership with UN Women to advance women’s economic empowerment in Asia Pacific, beginning with India.

The project will launch a pilot in Maharashtra, India to cultivate the digital, soft and employability skills of 2,000 women and present them with a range of career-building opportunities through job fairs, mentoring sessions and peer-to-peer networks. The collaboration will digitally upskill women affording them greater access to jobs and equipping them to fully participate in the formal economy.

Congress workers outside the Enforcement Directorate office burn tires in protest to the ED probe against party leader Rahul Gandhi in the National Herald case.

Non-BJP parties are considering whether to attend or not attend the large Opposition meeting scheduled by Trinamool Congress president Mamata Banerjee in the run-up to the important Presidential election, displaying regional equations and traditional rivalries.

The Telangana Rashtra Samithi (TRS), led by Telangana Chief Minister K Chandrashekhar Rao, is the most prominent of those who have opted out. Mr Rao, who bonded with Mamata Banerjee over their shared goal of defeating the BJP, has voiced strong opposition to the Congress’ invitation. According to insiders, Arvind Kejriwal’s Aam Aadmi Party (AAP) would be another notable absentee.

Congress leaders including Bhupesh Baghel and KC Venugopal protest outside the AICC officePolice are indulging in goondaism on the directions of the govt. We have never seen such barbarism in the history of India: Congress MP Adhir Ranjan Chowdhury

Microsoft is finally retiring its Internet Explorer, and it’s sparking a small panic among businesses and government agencies that built internal systems around the browser

“No mandatory requirement to make upfront payment by successful bidders. Payments in 20 equal annual installments. Reliefs in bank guarantee…,” says Union Communications Minister Ashwini Vaishnaw on the announcement of spectrum auction for providing 5G services

Impact of Agnipath would be in terms of giving opportunity for Indian Army to get younger, fitter & probably more tech-savvy. Beauty of this scheme is that it’s going to be introduced in a very slow manner. In 1st yr we’re getting around 40,000 recruits: Vice Chief of Army Staff

The conflict between Russia and Ukraine has affected access to food on a global level and could deal a blow to the crop harvest in 2023, which is a “major concern” of the Rome-based United Nations Food and Agriculture Organisation, the agency’s chief economist has said.

Categories
All About Lights

Agricultural Innovation Needed To Resolve Challenges – Wealth Managers

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

articleimage

As food security moves up the political agenda, specialist investment managers from Franklin Templeton and RBC Wealth Management look at the innovation and investments needed to feed a growing population using fewer resources.

This week, The
Franklin Templeton Institute
 released a new
paper – Food Innovation: Investing to feed our
future.
  The paper, which focuses on the food
and agriculture sector, looks at opportunities for investors
in the sector.

According to Anne Simpson, global head of sustainability at
Franklin
Templeton
, innovation in food and agricultural technology
will be vital for boosting agricultural productivity
and the nutritional value of food whilst reducing harmful
farming practices. She emphasised how the war in Ukraine, a
reminder of the geopolitical risk in agricultural supply lines,
arrived on the heels of Covid-19 pandemic-induced inflation,
which has increased food prices by over 30 per cent. Franklin
Templeton’s views are significant because the firm oversaw $1.45
trillion of assets as of 31 May this year.

This was echoed by Frédérique Carrier, head of investment
strategy at RBC Wealth
Management
, who cited key areas where investors can find
investable ideas with compelling growth prospects.
This includes precision agriculture which optimises crop
productivity using IT, gene technology, indoor farming
technologies, vertical farming, LED lighting systems, aeroponics
and hydroponics (where plants can grow in nutrient-enriched water
or mist without soil).

This news service is covering agriculture, food production and
related business at a time when surging energy and food prices,
fuelled by forces such as pandemic-induced disruptions, the
Ukraine conflict, and central bank policy, have made food a hot
investment topic.

Increasing role of private markets
Pointing to the growing role of private markets, Stephen Dover,
chief market strategist and head of the Franklin Templeton
Institute, said: “Though public markets play a critical role in
our food system, I see private markets playing a growing and
significant role in food innovation going forward.”

He cited examples, saying that venture capital investing in
foodtech and agritech start-ups is rising steadily. “From 2015 to
2019, over $45.6 billion was invested in foodtech startups in
3,200 deals. We believe this space will continue to grow as
start-up companies explore lab-grown meat, 3D printed food and
other innovations,” he said.

“Private equity investing is also playing a major role in mergers
and acquisitions of food giants,” he added. “The deal landscape
slowed a bit during Covidk-19 but has picked up again, with North
American transitions in the third quarter of 2021 exceeding $13.6
billion, 76 per cent of which was by private strategic buyers and
private equity firms,” he stressed.

Dover believes that private debt will play a key role in
providing funding to farmers making the transition from
traditional to regenerative agriculture. “In 2019, $3.6 billion
in private loans was issued in the United States through private
debt mangers, with $2.8 billion having loan criteria tied to
regenerative agriculture,” he said.

“Real estate will also play a major role in the expansion of
controlled environment agriculture and vertical farming,” he
added. Much of this growth will happen closer to urban areas
through in-fill or suburb/exurbs in order to guarantee fresh
produce is delivered short distances to consumers. “The global
CEA market is expected to reach $172 billion by 2025, and the
vertical farming market is expected to exceed $31 billion by
2030,” he said.

The virtue of vertical farms
Franklin Templeton says the attractiveness of investing in
vertical farms, where crops are grown in vertically stacked
layers, is not purely financial. As investors look to contribute
to solutions to the world’s largest problems, vertical farms have
the potential to contribute to most of the 17 Sustainable
Development Goals. They are more climate resilient, their
output will be more stable and predictable, and they will be able
to react rapidly to changing consumer preferences, producing
in-demand crops without regard to environmental factors and
growing conditions.

Gene editing vs. genetically modified
organisms

Carrier highlighted how GM crops have faced widespread consumer
resistance over the years despite being higher-yielding, more
tolerant of both drought and heavy rain, and displaying greater
resilience to pests and diseases.

“But foods produced via gene editing are often not subject to the
same regulations as other genetically modified crops, as many
changes introduced by gene editing also occur naturally,” she
said. In 2021, Sicilian Rouge tomatoes went on sale in Japan;
they are one of the first genetically edited foods made
available to the public”. “The USDA has also confirmed that these
tomatoes will not be regulated in the same manner as conventional
genetically modified crops,” she added. “The UK, is adopting a
more positive attitude towards GM foods and parliament passed a
law in January 2022 to reduce the time and cost of gene editing
trials in the country. As this new generation of GM foods with
additional health benefits evolves, we would expect their
popularity to increase,” she stressed.

Banking sector
The banking sector also has a key role to play in managing and
mitigating the impact of the food supply chain on biodiversity
and climate change, David Sheasby, head of stewardship and ESG at
Martin Currie, on the role of banks in the food system, said. “We
are seeing that some of the leading banks are recognising their
impact on the food system in their approach to agricultural
lending activities. We believe that banking leaders will seize
the potential investment opportunity in this space while also
effectively managing risks associated with the food sector,” he
added. “Banks can further incentivise change by setting
eligibility criteria that preclude the conversion of forest or
ecosystems,” he said.

Categories
All About Lights

MIT’s new computer chip design lets you clip on parts like LEGOs

Post Republished By Alfonso Hilsaca Eljadue (.com)

Turco Hilsaca, del Cristo Hilsaca

image

Chips are in everything: smartphones, supercomputers, remote-sensing robots. Now, MIT engineers created an electronics chip design that allows for sensors and processors to be easily swapped out or added on, like bricks of LEGO. A reconfigurable, modular chip like this could be useful for upgrading smartphones, computers, or other devices without producing as much waste. Additionally, it could be useful for artificial intelligence applications. Their paper describing the tech was published this week in the journal Nature Electronics

Here’s how the chip is configured. It has alternating layers for sensing and processing. Instead of having copper wires, the layers of the chip communicate internally through optical signals, more specifically, with light-emitting diodes (LEDs). These two features allow various elements on individual layers to be easily interchanged with other elements. 

“As we enter the era of the internet of things based on sensor networks, demand for multifunctioning edge-computing devices will expand dramatically,” Jeehwan Kim, associate professor of mechanical engineering at MIT, said in a press release. “Our proposed hardware architecture will provide high versatility of edge computing in the future.” (Edge computing refers to electronics that can process data independently without having to connect to a central server). 

To test how the chip performs on simple tasks, the team made a prototype with image sensors, LEDs, and a processor containing “artificial brain synapses”—-components made of silicon, silver, and copper that mimic how the brain transmits information (the team also calls these memristors). Instead of just transmitting information in binary (as 0 or 1), the strength of the memristors’ output electrical current depends on the strength of incoming current. This allows it to have a range of values based on the strengths of the signals. And it consistently remembers what value is associated with what strength of signal so calculations stay constant. A connected circuit, or array, of these neurons could directly process and classify signals on-chip. 

[Related: The trick to a more powerful computer chip? Going vertical.]

Researchers trained a version of the stacked chip to recognize the letters M, I, and T. (For MIT.) That chip had photodetectors for receiving the visual signal and passed it down to other layers that encoded the image as a sequence of LED pixels and classified the signal based on the strength of incoming light. The researchers used laser light to shine different letters onto the chip, and it was usually able to recognize which letter it was given, although it did better with clearer and brighter images. At some point, the researchers added a “denoising” processor that helped the chip understand more of the blurry images. 

The team imagines that this modular capability will allow them to add features like image recognition to smartphone cameras, or health monitoring sensors to electronic skins. 

“We can make a general chip platform, and each layer could be sold separately like a video game,” Jeehwan Kim said. “We could make different types of neural networks, like for image or voice recognition, and let the customer choose what they want, and add to an existing chip like a LEGO.”

Categories
All About Lights

Tender awarded for new lighting system at North Peace Arena

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

image

FORT ST. JOHN, B. C. – The North Peace Arena is about to shine brighter than ever with a new system of lights both for the rink and the lobby.

The upgrade will include new LED fixtures and a new control system to handle them, as well as programming and commissioning the system. 

The tender for the project was awarded Kamwin Electrical LTD. from Grande Prairie, A.B. for $561,880. Two other bids, both with higher price tags, were received for the project.

Despite holding three competing bids, keeping the project under the given budget proved difficult. Inflationary pressure and supply chain issues throughout the economy had an effect on the high price of the project.

The lighting upgrade in the arena is funded in part by a Canada Infrastructure grant of $302,000. To use the grant and finish the project, the city will spend $291,052 from reserves. 

Including $31,172 of engineering expenses, the total cost of the project is $593,052.

Categories
All About Lights

Jewel box museum of Old Master artworks reopens in San Diego

Alfonso del Cristo Hilsaca Eljadue

Turco Hilsaca

Presents:

The Timken Museum of Art in San Diego’s Balboa Park reopens this week after a $3m floor-to-ceiling renovation that aims to showcase its modestly-sized but significant collection in its full splendour. The museum, which holds a 84-piece collection of Old Master paintings, Russian icons and some works by early 20th-century American artists, was closed for two years for the refurbishment, which was overseen by the San Francisco-based architecture firm Gensler.

The Timken opened in 1965 but its history dates to the 1930s, when three heiresses (related to a man named Henry Putnam, who invented the bottle stopper) inherited around five million dollars and began collecting Old Master paintings, donating some of the works to the San Diego Museum of Art.

The collection traveled to other cities for some years before the sisters’ lawyer, Walter Ames, approached the Timken family (whose fortune came from having invented the roller bearing) to provide the capital to establish a standalone museum for the collection in San Diego.

It currently holds a $25m endowment and the only Rembrandt in public display in the city, the work Saint Bartholomew (1657).

Ames was the first director of the museum, followed by his daughter and then her son. Megan Pogue, the second non-family member to be appointed executive director of the museum, says the renovation took into account that “this is a historic building—it’s not designated historic but it’s historic in terms of how it’s viewed by the public”.

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Installation view of the renovated Timken Museum of Art. Courtesy Timken Museum of Art.

The museum was originally designed by the architect John Mock of the firm Frank L. Hope and Associates and is considered an exceptional example of mid-century Modern architecture in San Diego. “It’s an iconic building that has been very lovingly maintained but in need of some updates and enhancements, mostly to its mechanical systems, but also some cosmetic,” Pogue says.

The renovation began in March 2020 and involved the overhaul of the museum’s five galleries, new lighting systems, the reconfiguration of the sculpture garden and the addition of digital technology in the galleries. It has also added a military-grade air filtration system that allegedly kills 99.9% of airborne pathogens, so visitors can “actually feel the air in the museum—a clean, crisp level of purification”, Pogue says.

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Ella Ferris Pell, Salomé (1890). Courtesy the Timken Museum of Art.

The museum is celebrating its reopening with two acquisitions: Ella Ferris Pell’s painting Salomé (1890) and the sculpture Bust of Eve (1874) by the American sculptor Thomas Ball, both donated to the museum by California-based private collectors.