James Fisher AIS and SRO Solutions launch new digital partnership for maritime and offshore sectors

A new digital partnership is being announced which aims to create one of the most innovative and advanced asset management systems in the maritime and offshore sectors.

The collaboration is being launched by James Fisher Asset Information Services (AIS) and Manchester-based tech company SRO Solutions which represents tech giant IBM’s Maximo software in the marine industry. For the first time it will see four proven technologies offered as one package supported by experienced marine and offshore teams from AIS and SRO Solutions fusing their combined expertise. The four technologies (see notes to editors) are IBM’s Maximo asset management software and SRO’s Data Replication Solution together with AIS’s digital twin platform R2S, and Mimic Condition Monitoring (CM).

SRO Solutions founder Tony Lackey, a trained marine engineer, said the new partnership is a hugely exciting moment for the sector as it will drive massive digital innovation in the efficient management of thousands

Read More

Continue Reading

Diode makers see robust demand from IT, gaming console sectors

Diode makers see robust demand from IT, gaming console sectors

Julian Ho, Taipei; Steve Shen, DIGITIMES

Taiwan’s diode suppliers expect current robust demand from IT products and gaming console vendors catering to stay-at-home activities to stretch to the end of 2020.

Among the suppliers, Lite-On Semiconductors believes its business prospects for fourth-quarter 2020 will remain bright after seeing its revenue grow 4% sequentially and 3% on year to NT$1.754 billion (US$61.25 million) in the previous quarter.

In September alone, revenues totaled NT$540 million, down 11% sequentially and 8% on year. Year-to-date revenues came to NT$4.898 billion, decreasing 2% from a year earlier.

Panjit International and Eris Technology both expect to land more orders from the gaming console sector as related console makers are set to release new models soon, in addition to steady orders from notebook vendors.

However, Panjit and Eris posted mixed results for September.

Read More

Continue Reading

Global Germicidal Lamp Market Outlook and Forecast 2020-2025: Market is Expected to Grow at a CAGR of 36% – Growth in End-User Sectors Post Covid-19

Dublin, Oct. 07, 2020 (GLOBE NEWSWIRE) — The “Germicidal Lamp Market – Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Germicidal Lamp Market Report

The germicidal lamp market is expected to grow at a CAGR of over 36% during the period 2019-2025.

The global germicidal lamp market is experiencing a new lease of life after the outbreak of the COVID-19 pandemic with demand outpacing supply. The potential addressable market for germicidal lamps is growing as new end-users, which earlier did not utilize UV systems, have started to enquire about the same. With COVID-19 infections reaching over 10 million since the outbreak of the disease in December 2019, the spotlight on UV-C lamps has increased. UV-C based products are being explored as sanitizers.

Although the residential sector is witnessing high traction, the lamp

Read More

Continue Reading

NewRoad Capital Partners Announces the Final Close of NewRoad Fund III, L.P., a Lower Middle Market Growth Equity and Growth Buyout Fund Focused on the U.S. Supply Chain & Logistics and Retail & Consumer Packaged Goods Sectors

ROGERS, Ark.–(BUSINESS WIRE)–NewRoad Capital Partners, LLC (“NewRoad”) announced today the final close of $176 million of capital commitments to NewRoad Fund III, L.P. (the “Fund”). Notwithstanding the current macro environment, NewRoad received strong support from both new and existing investors that include a diverse group of well-regarded institutional investors, family offices and high net worth individuals. Denning and Company served as lead placement agent and DLA Piper LLP (US) served as fund counsel.

NewRoad was founded in 2013 by Co-Managing Partners, Clete Brewer (former President of Sports Clips and former CEO of Staffmark) and Jeremy Wilson (former COO/CAO of Rockfish and former Senior Director of Walmart Financial Services), and Doug Degn (Former EVP of Food, Consumables and Hardlines Merchandising at Walmart). Together, they built an operator-focused, demand driven investment platform founded on the core values of entrepreneurial spirit, purpose and humility. Chris Ladd (formerly of TPG Capital and

Read More

Continue Reading

Inmarsat deal with Harvest Technology, AST on remote monitoring for mining, energy, utilities sectors

Satellite communications provider Inmarsat has signed an agreement with remote monitoring and communications specialist Harvest Technology and satellite and radio communication systems company AST to provide Harvest customers across the mining, energy and utilities sectors with the tools to remotely monitor assets, coordinate site surveys and conduct maintenance operations over real-time video and audio transmitted via ultra-low-bandwidth satellite communications.

Inmarsat says the alliance will bring greater functionality to Harvest’s ‘data-anywhere’ solutions, which can transmit high-quality synchronised video and audio across an extremely low bandwidth – with Harvest’s Wearwolf wearable headset solution enabling remote workers to communicate directly with technicians, engineers and site managers who may be located across different continents simultaneously in real-time, from the comfort of their offices or homes, so removing the need to travel.

According to Inmarsat the energy, utilities and mining sectors are facing increasing pressure to maintain vital infrastructure and equipment while safeguarding workers, all

Read More

Continue Reading

Aim is maximum utilisation of different sectors to create more jobs: Sinha – cities

Lieutenant governor (L-G) Manoj Sinha, on Friday, said that Rs 25,000 crore industrial investments is in the offing and J&K is soon going to secure this investment after announcement of a historic industrial policy.

He was on a visit to the border panchayat Pallanwala in Jammu district under Back to Village 3 programme. He said that the rural-urban divide is being minimised with the J&K government ‘Back to Village’ initiative.

“I’m not here to make new promises, but for optimum implementation and utilisation of funds. Let the public and government meet and discuss their priority projects and begin a new era of rapid development,” he said.

Being an agriculture-oriented region, it will be ensured that all nine farmer-oriented schemes of the government reach the workforce in J&K, he said.

He stressed on the need to reduce monsoon dependency of farmers in the UT and informed the public about installing solar

Read More

Continue Reading

COVID-19 Has Pushed Various Sectors Into Positive Recovery Trends


  • InfoTech has been the hottest sector in the past 30 days, although it is 11% off from September 21, 2020 highs. Consumer Discretionary and Healthcare are the #2 and #3 hottest sectors.
  • The Energy, Internet, Banks, and Insurance sectors have been weaker in the past 30 days.
  • Volatility, which is almost twice as high as historic levels, will continue to be an issue going forward so it is smart to properly allocate capital to avoid risk.

The Technology and Healthcare sector were two of the strongest sectors for growth and price appreciation in the US before the COVID-19 virus collapsed the US and global economy.  After the COVID-19 bottom setup in March 2020, these two sectors continued to lead other sectors in price appreciation and bullish trending.


The trend is your friend – when it confirms

Read More

Continue Reading

NCDMB, NITDA partner to deepen local content in oil, ICT sectors

NCDMB, two firms sign $25m deals for refinery, lube plant projects

By Alice Ekpang

The Nigerian Content Development and Monitoring Board, NCDMB, and the National Information Technology Development Agency, NITDA, yesterday, reached an agreement to set up a six-man joint committee aimed at fostering collaboration in the development of local content in information and communications technology, oil and gas industry and related sectors.

In a statement in Abuja, Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote explained that the operations of the oil and gas industry rely heavily on artificial intelligence and information technology, to such an extent that the Floating Production, Storage and Offloading (FPSO) platform might in the coming years be navigated remotely, without human occupants onboard while operating 150 kilometers offshore.

Wabote listed possible areas of collaboration to include the promotion of in-country production of motherboards, electronic components, system integration, and assembly. Other areas of collaboration, according to him, include the mentoring of the beneficiaries of NCDMB-sponsored GSM

Read More

Continue Reading

Here are 35 stocks in the market’s two hottest sectors that Wall Street loves

Quick — which stock sectors have been the best performers over the past month? The information technology sector is not among them.

Here’s how the 11 sectors of the benchmark S&P 500 Index
 have fared over the past month and for all of 2020 through Sept. 18:

Index Price change – Aug. 18 through Sept. 18 Price change – 2020
Materials 4.6% 6.8%
Industrials 2.5% -3.5%
Financials 0.0% -20.1%
Real Estate -1.7% -8.4%
Consumer Staples -1.8% 0.6%
Health Care -1.9% 3.2%
Utilities -2.9% -10.2%
Information Technology -2.9% 21.9%
Communication Services -3.0% 6.4%
Consumer Discretionary -4.0% 18.5%
Energy -10.6% -45.1%
S&P 500 Index -2.1% 2.7%
Source: FactSet

All price changes in this article exclude dividends.

You may be surprised to see the materials and industrials sectors leading over the past month, especially because so much of the financial media’s focus has been on the FAANG stocks and Microsoft Corp.

Read More

Continue Reading

Equinom expands R&D centre to tackle plant-based sector’s price and sensory challenges

Equinom, which makes crops for use in alternative proteins via computerised breeding technology, said the new centre, located at Kibbutz Givat Brenner in the agriculturally rich heart of Israel, provides end-to-end research and development capabilities to accelerate the start-up’s efforts to develop the next generation of non-GMO seeds.

The recently-opened facility is more than three times the size of Equinom’s original facility and contains all of the company’s development disciplines: agronomics, bioinformatics, biochemistry, and food science. The four state-of-the-art laboratories cover most of the company’s R&D units: seed processing, biochemistry lab, food application lab, and a high-tech sensory lab.

In addition, Equinom has opened a new facility in Indianapolis in the US to better serve its clients in North America. The site will store planting seeds of sesame, yellow pea, and soybean.

Itay Dana, Equinom VP of Marketing, told FoodNavigator the Israel expansion would allow the company to keep up

Read More

Continue Reading

Load More