Day: November 11, 2022

        Thursday 10 November 2022

TURNOVER INCREASES 5.7% IN THE FIRST NINE MONTHS OF 2022

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid and mechanism management and structural parts for electric vehicles, posted consolidated revenue of €739.2m at 30 September 2022, up by +5.7% compared to 2021.

Consolidated turnover (1 January to 30 September 2022)

In € millions – unaudited	2022	2021	Variation	Like-for-like variation (1)
1st quarter	245.8	273.3	-10.1%	-4.4%
2nd quarter	242.3	214.3	+13.1%	+16.9%
3rd quarter	251.1	211.5	+18.7%	+22.3%
Total for 9 months	739.2	699.1	+5.7%	+10.2%

⁽¹⁾   Comparing like-for-like figures.

In the third quarter of 2022, AKWEL posted a consolidated turnover of €251.1m, up by +18.7% on the previous year when comparing figures and by +22.3% when taking exchange rates and scope as constants. In a still difficult market context, the group has confirmed the gradual recovery in its activity, but it is still down -3.3% compared to the third quarter of 2019, before the health crisis.

In nine months of the financial year, AKWEL’s turnover increased by +10.2% when taking exchange rates and scope as constants.

Over nine months, turnover from Products and Functions increased by 6.2% to €714.4m, with performance particularly driven by Cooling (+13.4%), Washing (+8.5%) and Air (+6.9%).

Free cash-flow generation was €6.6m in the third quarter, giving the group €112.6m in net cash (excluding debt on rental obligations), an increase of €14.3m over nine months.

AKWEL confirms its expectation of moderate revenue growth for the year 2022. The ongoing supply difficulties and inflation of operating costs, which is difficult to pass on in the short term, will, as announced, lead to a significant fall in the group’s annual current operating income.

An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management, mechanisms, and structural components for electric vehicles. The Group achieves this by relying on state-of-the-art industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration. Operating in 20 countries across every continent, AKWEL employs 10,000 people worldwide. Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

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SYDNEY, Nov. 10, 2022 (GLOBE NEWSWIRE) — Hexagon’s Asset Lifecycle Intelligence division announced the release of the Decarbonisation Confidence Index Research report for the Asia-Pacific region.

Vital and heavy industries including oil & gas, chemicals, power, construction and infrastructure, face enormous pressure to demonstrate meaningful decarbonising action. The report covers the constraints and opportunities for organisations to fulfil their ESG/sustainability commitments.

The Decarbonisation Confidence Index Research report is a confidence index as a leading indicator to action rather than a sustainability report calling for net zero. It is a reality check on the thought leaders trailblazing on the question of “How” when it comes to decarbonisation efforts.

Hexagon conducted qualitative and quantitative research as part of its findings, engaging with 112 senior leaders across six markets — Australia and New Zealand, Indonesia, Japan, Malaysia, Singapore, and South Korea — in the Asia-Pacific region. The report focuses on six priority areas of investigation, which collectively represent the scope of sentiment:

• Regulation & Legislation
• Partnership
• Technologies
• Talent
• Capital
• Operational Excellence

The research reveals that APAC industry leaders proactively spearhead innovation through investment in technologies, asset development, and distribution infrastructure at an accelerated speed. However, adopting new or emerging technologies, access to capital investments, compliance with future regulatory policy and talent is challenging velocities toward net zero. At the same time, there was a variation of sentiment across markets, the three areas where confidence was consistently lacking related to market regulation, new technologies, and access to talent.

“Sustainability is a priority for Hexagon and an integral part of our strategy and how we conduct business globally,” said Fabio Yada, Senior Vice President, Asia-Pacific at Hexagon’s Asset Lifecycle Intelligence division. “We recognize that decarbonisation is a complex process with many factors involved. It takes time and won’t happen overnight; however, there is clear momentum behind the sustainability transformation, and this report highlights the desire by Asia-Pacific companies to accelerate their decarbonisation efforts.”

“The pace of transition toward the green economy has really picked up since the ‘trifecta of tragedy’ in the bushfires, floods and COVID-19 in Australia. As a result, we have seen a boom in renewable energy, green steel, green building and architecture, and renewable transport. Plus the potential of green hydrogen ‘exporting sunshine.’ Australian exporters are keen to put the green in the green and gold,” said Tim Harcourt, the author of The Airport Economist and Industry Professor and Chief Economist, Institute for Public Policy and Governance (IPPG), University of Technology Sydney (UTS) Bosch Siemens Hausgeräte (BSH).

Hexagon believes in a world where economic growth does not come at the expense of the planet and its people and that our company should drive sustainability efforts in every aspect of business. At the very core is a powerful vision of a future where data is fully leveraged so that business, industry, and humanity sustainably thrive.

When it comes to sustainability, Hexagon maintains every bit counts — and that sustained profits and a sustainable planet are attainable. Sustainability is a by-product of what Hexagon delivers to customers. Whether it be to minimise waste on asset-intensive projects, reduce risk, prevent incidents or optimally design, plan, build and operate infrastructure or industrial facilities.

For further information, please contact:

Fabio Yada, Senior Vice President, APAC
Hexagon’s Asset Lifecycle Intelligence division
Tel: +61 07 3510 8901
Email: Fabio.Yada@hexagon.com

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous — ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately 4,3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Contact Information:
Kamles Kumar
Edelman Public Relations Worldwide Sdn Bhd
kamles.kumar@edelman.com
(+603) 2287 8689

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Higher Data Rates Increase Security and Robustness for RPA

SAN DIEGO, Nov. 10, 2022 (GLOBE NEWSWIRE) — General Atomics Aeronautical Systems, Inc. (GA-ASI), SES and Hughes Network Systems (HUGHES) worked together to successfully demonstrate multi-orbit satellite communications (SATCOM) using a GA-ASI-supplied MQ-9B SkyGuardian^® Remotely Piloted Aircraft (RPA). The demonstration took place on Oct. 20, 2022, at GA-ASI’s Desert Horizon flight operations facility in El Mirage, Calif. The higher data rate SATCOM transmission featured SES’s multi-orbit satellite communications service leveraging high-throughput, low-latency Medium Earth Orbit (MEO), and Geostationary (GEO) fleet, and was powered by a Hughes HM series software-defined modem and Hughes Resource Management System.

“This demonstration proves the importance of next-generation SATCOM for operators of our aircraft,” said GA-ASI Senior Vice President for MQ-9 Systems, Fred Darlington. “As we expand into new and more intricate payloads for our RPA, we’ll require higher data rates that provide the bandwidth, security and robustness to operate our sensors.”

The demonstration used SES’s O3b MEO system that provides fiber-like carrier-grade performance, scalability, and resilience that set the path to widely leveraging open architectures and achieving network sovereignty. SES’s multi-orbit fleet that delivers global coverage, high-throughput, low-latency and increased levels of security, was leveraged to show how unmanned aircraft, such as the GA-ASI MQ-9 series, can maintain high-workload, mission-critical connectivity and resiliency, even in contested environments. During the demonstration, the connectivity service seamlessly roamed between O3b MEO and AMC-15 GEO satellites. Later this year, SES will be launching its second-generation MEO system, O3b mPOWER, to further support governments through unprecedented performance, waveform-agnostic service and enabling network sovereignty.

“We are very proud of our partnership developed over the years between SES, GA-ASI and their government customers. Innovation is the key in supporting transformational changes in the ISR services, and this demonstration is one more example of how the industry can work together to bring something special to market,” said Will Tong, Vice President of Strategic Government Initiatives and head of the Aero ISR market at SES. “Together with GA-ASI, we were able to prove out new levels of secure, flexible and high-performance multi-orbit services for ISR, with 10x performance on a significantly smaller form factor, with increased resiliency and security for the end users.”

Integrated onto the MQ-9B, the milspec Hughes HM System modem (HM400) powered the MEO and GEO SATCOM with Low-Probability of Intercept/Low Probability of Detection (LPI/LPD) modes for the resiliency necessary in congested and contested environments. Together with the Hughes Resource Management System, the HM400 automatically optimized and switched satellite signals smoothly and within seconds, demonstrating a near real-time capability that enhances the military’s Primary Alternative Contingency Emergency (PACE) planning.

“Working together with General Atomics for many years, we are pleased to support the MQ-9B program with the commercially based Hughes HM400 modem integrated as the standard for real-time communications for beyond line of sight mission opportunities,” said Rick Lober, Vice President and General Manager, Hughes Defense. “Combined with the Hughes Resource Management System, the frequency-agnostic, open architecture HM System helps GA-ASI meet their military customer’s requirements for uninterrupted, high data rate, multi-orbit SATCOM, ensuring secure information accessibility for the right people at the right time.”

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable Remotely Piloted Aircraft (RPA) systems, radars, and electro-optic and related mission systems, including the Predator^® RPA series and the Lynx^® Multi-mode Radar. With more than seven million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent flight that enables situational awareness and rapid strike. The company also produces a variety of ground control stations and sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas. For more information, visit www.ga-asi.com.

Avenger, Lynx, Predator SeaGuardian and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.

About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries ~8,000 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship Internet service, HughesNet^®, connects millions of subscribers across the Americas, and the Hughes JUPITER System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland, USA, Hughes is owned by EchoStar. To learn more, visit www.hughes.com or follow HughesConnects on Twitter and LinkedIn.

About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit www.echostar.com. Follow @EchoStar on Twitter.

©2022 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.

Contact Information:
GA-ASI Media Relations
GA-ASI Media Relations
asi-mediarelations@ga-asi.com
+1 (858) 524-8101

Sharyn Nerenberg
Media Contact, Hughes Network Systems
sharyn.nerenberg@hughes.com
(301) 428-7124

Susan Ong
External Communications, SES
suzanne.ong@ses.com
+352 710 725 500

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