SmartSky Predictive Weather Data Suite Supports Enhanced Situational Awareness for the Industry
RESEARCH TRIANGLE, N.C., Sept. 5, 2023 /PRNewswire/ — SmartSky®, the innovative air-to-ground inflight connectivity provider, and FLASH Weather AI, the artificial intelligence-based lightning prediction provider, today announced a collaboration that brings the FLASH predictive lightning data suite to aviation. SmartSky makes this possible through its next-generation network, advanced hardware, and enhanced services, which includes the Skytelligence® aviation data exchange. The FLASH offering will be part of the SmartSky Predictive Weather Suite, delivered via Skytelligence®. For the first time, airline dispatch, FBOs, airports, and ground operations will have access to FLASH Weather AI’s predictive lightning capabilities via SmartSky’s predictive weather offerings.
FLASH Weather AI’s predictive lightning technology provides early warning for aviators via SmartSky® Networks’ predictive weather suite delivered via the Skytelligence® platform. In this image, red indicates active lightning.
FLASH predictive lightning capabilities utilize AI and deep learning to provide up to 6 hours of lead time with greater than 90% first-strike accuracy. FLASH provides last-strike notifications when it is safe to resume normal activities, saving 10 – 15 minutes from the normally utilized 30-minute resumption window. FLASH can reduce flight delays waiting for “all-clear” at an airport, saving fuel costs and improving safety. Its nationwide weather data analysis enables enhanced awareness for incoming and outgoing flights to reduce delays and increase advance notice to customers.
“After initially serving schools, golf, youth sports and construction, FLASH Weather AI now brings its AI lightning prediction to aviation through this integration with SmartSky. This is significant because an average of 5% of all flights are affected by lightning delays. FLASH not only predicts the start of lightning but also gives an accurate “all-clear” for when operations can resume, including critical refueling,” said Jason Deese, CEO for FLASH.
The Skytelligence data exchange is a key element of SmartSky’s Digital Services offerings which are powered by its patented innovations and tools. Skytelligence brings together data from numerous providers for single point delivery via APIs, which are then used by EFBs or ground-based systems. These combined capabilities make SmartSky a key enabler for aviation’s digital transformation. SmartSky’s Predictive Weather suite brings together multiple predictive weather providers to supply aviation with enhanced situational awareness not available from other sources.
“FLASH Weather AI provides invaluable lightning awareness for aviation. SmartSky is proud to bring this data for both the industry and the connected aircraft, via our ATG network that moves data from the aircraft inflight as easily as to it. This enables the cockpit to have real-time access to predictive weather,” said Sean Reilly, Vice President of Digital Solutions and Air Transport for SmartSky. “Lightning is one of the biggest threats in aviation, and strikes can happen without notice and without visual indication. Knowing lightning conditions on and around the airport assists decision-makers with whether and when ground crew can safely support aircraft. FLASH provides notification of lightning in the area well in advance, which can be used in making departure or arrival adjustments to avoid a potential hazard.”
About SmartSky
SmartSky Networks was founded to transform aviation through disruptive communications technologies, services, and tools. The ATG network takes advantage of patented spectrum reuse, advanced beamforming technologies and 60 MHz of spectrum for significantly enhanced connectivity. SmartSky Networks uniquely enables an “office in the sky” experience with unmatched capacity for data transmissions both to and from the aircraft. This real-time, very low latency, bidirectional data link makes SmartSky Networks the best in-flight user experience, and a key enabler for new and enhanced applications and services. For more information, visitSmartSkyNetworks.com.
SmartSky Networks. Data moves us.
About FLASH Weather AI
FLASH is comprised of a small group of research meteorologists and AI engineers who have developed a patented algorithm and method for accurately predicting lightning up to 6 hours in advance utilizing AI and Deep Learning. Lightning is just the first product in a suite rolling out through early next year to include AI forecasts for visibility, hurricanes, turbulence, winds, automated tornado detection among many others. Now that our AI Engine is built it is simply a matter of plug and play for any weather variable you can think of. All forecasts will be updated every 2 minutes which is 13 minutes faster than any traditional method currently used.
SmartSky Media Contact Mark Hazlin Phone: (202) 289-4001 Email: [email protected]
The global phenobarbital market is set to achieve significant growth, projected to reach a substantial valuation of $2.23 billion by 2030 from $1.58 billion in 2023, reflecting a steady Compound Annual Growth Rate (CAGR) of 5%.
Effective Seizure Management with Phenobarbital
Phenobarbital stands as a vital medicine utilized for treating and preventing seizures. This medication exerts its therapeutic effect by regulating abnormal electrical activity within the brain that triggers seizures. Belonging to the anticonvulsants and sedatives class of medications, phenobarbital is also occasionally prescribed to induce relaxation or sleep in cases of anxiety or nervousness. Notably, this medication is only available with a valid doctor’s prescription.
However, extended usage of phenobarbital may entail certain risks, including potential side effects such as altered nutrient absorption, lowered blood levels of essential electrolytes, and thyroid hormone imbalances.
Market Dynamics
Phenobarbital boasts a proven track record of effectively managing epilepsy and seizure disorders, positioning it as a frontline treatment option, particularly in regions with limited healthcare resources. The drug’s capacity to efficiently halt seizures bolsters its demand and utilization within the market.
Nonetheless, the phenobarbital market faces challenges from substitute antiepileptic medications boasting improved safety profiles and fewer adverse effects. The advent of novel drugs with distinct mechanisms of action and targeted indications has expanded the range of alternatives for treating epilepsy and seizure disorders. This broadened selection empowers healthcare practitioners to opt for newer medications when minimizing adverse effects or drug interactions becomes a priority.
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About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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HybridOS 11 Provides Better User Experience, Ensures System Stability, and Provides Greater Control Over Site Operations
DURHAM, N.C., Sept. 5, 2023 /PRNewswire/ — FlexGen, (“FlexGen”, or the “Company”), the leading energy storage digital controls and software solutions provider, is launching the latest version of its industry leading energy management software platform HybridOS 11. HybridOS 11 adds a host of powerful features that enhance the energy storage asset users’ experience, ensure system stability, and provide greater control over site operations. The newest software platform version is designed to meet the diverse needs of energy storage owners and operators and ensure a seamless and intuitive user experience. Flexgen’s patented HybridOS energy management software platform delivers the full stack of energy storage value, including ancillary services, capacity, and energy market.
“FlexGen’s HybridOS 11 is the most advanced energy storage software platform on the market today. The power grid continues to become more sophisticated with exponentially more variable supply and demands, energy storage software needs to meet that sophistication to allow asset owners to maximize the value of their assets,” said Hugh Scott, CTO of FlexGen. “FlexGen is dedicated to staying at the cutting edge of energy management software, whether that is AI, remote monitoring and upgrades, or machine learning.”
HybridOS 11 New Features
The Enhanced User Interface offers organized content, improved typography, and a Dark Mode option for low-light conditions, ensuring an optimal user experience enabling access to vital information quickly.
Scheduler Mode Upgrade allows users to set recurring events, schedule events in advance, and enjoy more control over their site operations and financial planning.
The Constant Power Factor and Reactive Power POI Limits features provide comprehensive control and regulation of reactive power, ensuring system stability and compliance with grid operators’ requirements.
Performance Index provides an at a glance view into how a site is operating. It is an indicator of the ratio of actual throughput vs expected site throughput calculated using our state of the art digital twin.
Digital Twin is a cloud based simulation of your site being constantly fed the same inputs that are being sent to a site at the same time. Using Machine Learning it then calculates what the expected performance of the site should be.
FlexGen is dedicated to providing best-in-class service and performance for its customers, seeking to ensure safety, reliability, and resiliency in all operating environments. With their Remote Operations Center and Battery Lab, FlexGen provides unmatched management, monitoring, and energy storage optimizations for energy storage assets. The company manages a rapidly growing fleet of energy storage operating throughout the United States with Investor Owned Utilities, Municipal and Cooperative Utilities, and Independent Power Producers.
Based in Durham, N.C., FlexGen is a leading integration services and software technology provider for energy storage solutions in the United States and globally. FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our clients and partners include the most technically and commercially demanding developers, utilities, government agencies and industrial companies in the world. To learn more, please visit www.flexgen.com.
SYRACUSE, N.Y., Sept. 5, 2023 /PRNewswire/ — Great Place to Work® and Fortune magazine have honored Mohawk Global as one of this year’s Best Medium Workplaces. After ten years of achieving the Great Places to Work® certification, this is the company’s first time being featured on the prestigious list.
“We believe in cultivating a culture of love and trust at Mohawk Global. That, along with our vision to enrich people’s lives, allows our people to thrive—as well as our company,” says Gar Grannell, Chairman and CEO of Mohawk Global.
Enriching our people involves improving the communities in which we live. Our people are passionate about giving back and we wholly support them for this. The Mohawk Global Giveback program—launched in 2022—enhances the reinvestment into our communities through volunteer opportunities where Mohawk Global has an office location.
“Their participation in this program is just one example of how our people are what makes Mohawk Global a Great Place to Work®,” proudly states Gar Grannell.
The Best Medium Workplaces award is based on employee feedback collected through America’s largest annual workforce study of over 1 million employee survey responses by Great Places to Work®. In that survey, 97% of Mohawk Global employees said it is a great place to work, a four percent increase from the 2022 survey.
As a team, Mohawk Global emphasizes the importance of the participation rate, as it is an opportunity for employees to truly make a difference in the workplace culture. Mohawk Global is proud to report that the survey was completed by 91% of employees.
The Best Medium Workplaces list is highly competitive. Great Place to Work selected the list using rigorous analytics and confidential employee feedback. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.
To be considered for the list, companies must be Great Place To Work-Certified™ and have 100 to 999 U.S. employees. Mohawk Global is proud to be represented alongside the impressive companies on the Best Medium Workplaces list, ranking at #83.
Learn more about Mohawk Global’s survey results here.
About Mohawk Global Mohawk Global is a leading supply chain services provider headquartered in Syracuse, New York. Mohawk Global strives to create an environment of growth, and as a family-owned and operated business, everything is guided by the core values – Enrich. Care. Deliver. The caring culture is what gives their teams the unique ability to deliver collaborative solutions with tailored projects for each partners’ needs. They are a team who genuinely care about each other, clients, and their community.
About the Best Medium Workplaces™ Great Place to Work selected the Best Workplaces in New York by gathering and analyzing confidential survey responses from its study of thousands of companies representing more than 6.1 million U.S. employees at Great Place to Work-Certified™ organizations. Companies must be headquartered in the state of New York to be eligible. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey.Read the full methodology.
NEW YORK, Sept. 5, 2023 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Danaher Corporation (“Danaher” or the “Company”) (NYSE: DHR), and certain officers. The class action, filed in the United States District Court for the District of Columbia, and docketed under 23-cv-02055, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Danaher securities between April 21, 2022, and April 24, 2023, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Danaher securities during the Class Period, you have until September 15, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Danaher designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Company is comprised of more than 20 operating companies organized under four segments: Biotechnology; Life Sciences; Diagnostics; and Environmental & Applied Solutions.
In 2020 and 2021, Danaher’s diagnostic tests and life sciences research tools were widely used in the effort to combat the COVID-19 virus. Specifically, Danaher’s diagnostics segment included Cepheid, a leader in molecular testing, and its life sciences segment included a variety of companies that worked to develop COVID-19 vaccines and therapies. As a result, Danaher experienced a significant upswing in revenue growth over the course of this period.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) as the severity of the COVID-19 pandemic subsided, revenue growth associated with Danaher’s COVID-19-related businesses was declining; (ii) contrary to the Company’s prior representations to investors, revenues associated with Danaher’s non-COVID-19-related businesses were insufficient to compensate for the foregoing negative trend; (iii) accordingly, Danaher overstated the Company’s ability to sustain the growth it had experienced in 2020 and 2021; (iv) as a result, it was unlikely that Danaher would be able to meet its 2023 revenue forecasts; and (v) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
On April 25, 2023, Danaher issued a press release announcing its financial results for the first quarter of 2023. Among other items, Danaher reported that “[r]evenues decreased 7.0% year-over-year to $7.2 billion, with a 4.0% non-GAAP core revenue decrease, due to the impact of lower COVID-19 revenue, and 6.0% non-GAAP base business core revenue growth.” The Company also projected that “[f]or the second quarter and full year 2023, . . . non-GAAP base business core revenue growth will be up mid-single digits year-over-year”, down from an earlier projection of high-single-digit growth. Notably, this announcement appeared to be at odds with Danaher’s prior reassurances that revenues associated with the Company’s non-COVID-19-related businesses would compensate for the foregoing negative results.
On this news, Danaher’s stock price fell $22.36 per share, or 8.79%, to close at $231.99 per share on April 25, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980
NEW YORK, Sept. 5, 2023 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Sea Limited (“Sea” or the “Company”) (NYSE: SE), and certain officers. The class action, filed in the United States District Court for the District of Arizona, Phoenix Division, and docketed under 23-cv-01455, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Sea securities between April 23, 2022 and May 15, 2023, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Sea securities during the Class Period, you have until September 19, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Sea, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally. The Company’s digital financial services platform provides, inter alia, payment processing services, credit offerings, and digital bank services under various brands, which purportedly work in tandem with Sea’s digital entertainment and e-commerce platforms to drive synergies among all three business segments. Defendants have consistently asserted that these purported synergies allow the Company to grow its user base and loan book in an efficient, cost-effective manner, while managing risks impacting the Company’s profitability.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (ii) Sea’s expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; (iii) as a result, the Company was likely to book a significant increase in loan loss reserves; (iv) the foregoing was likely to have a significant negative impact on Sea’s earnings; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
On May 16, 2023, Sea issued a press release announcing its financial results for the first quarter of 2023. Among other items, Sea reported first-quarter earnings that fell significantly short of expectations due to a sharp increase in loan loss reserves. The Company advised that “[o]ur provision for credit losses increased by 120.5% to US$177.4 million in the first quarter of 2023 from US$80.5 million in the first quarter of 2022, primarily driven by expansion to a broader user base and the growth of our loan book” (emphasis added). Sea also disclosed that the Company’s previous Chief Investment Officer, David Ma, had left that role and joined the Company’s Board of Directors.
On this news, Sea’s American Depositary Share (“ADS”) price fell $15.62 per ADS, or 17.74%, to close at $72.45 per ADS on May 16, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980
