Day: February 16, 2023

“We secured investments totaling US $12,296 million for Chile last year, which created over 5,300 jobs, an increase of 32% over 2021. This reaffirms foreign investors’ confidence in Chile,” said Karla Flores, the Agency Director.

SANTIAGO, Chile, Feb. 16, 2023 (GLOBE NEWSWIRE) — InvestChile is Chile’s Foreign Investment Promotion Agency, and its portfolio was valued at US $28,345 million as of December 2022, comprised of 476 foreign investment projects at various stages of development. This figure is 2% higher than as of December 2021, when it was US $27,776 million. Employment associated with the projects financed by the agency totaled 18,866 jobs.

US $12,296 million of the total portfolio has been invested in installed initiatives and projects under development in Chile. These 95 projects have created over 5,300 jobs, which represents 32% more than in 2021 and they are already adding to our economy.

“Despite a challenging local and global economic outlook, we managed to close 2022 with positive figures by number of projects, as well as by value and number of associated jobs. We secured investments totaling US $12,296 million for Chile last year, which created over 5,300 jobs, an increase of 32% over 2021. This reaffirms foreign investors’ confidence in Chile,” said Karla Flores, InvestChile Director.

The Energy sector once again led the portfolio with 62 projects valued at US $11,536 million, followed by the Global and Technology Service sectors with US $7,070 million, then Mining and mining suppliers with US $5,191 million.

The countries represented in the project portfolio were led by the USA with projects valued at US $8,174 million, an increase of 49% over 2021. China was in second place with US $4,673 million in projects, while third place went to Canada with projects valued at US $2,806 million.

Green hydrogen

InvestChile together with the Energy Ministry reinforced their support during 2022 for foreign companies interested in investing in green hydrogen projects, after the success of the first public invitation to develop production plants in Chile, which was tendered in late 2021.

Thus, the agency was supporting 18 projects valued at US $29,600 million at the close of 2022, from companies in the USA, France, Germany, Spain, Japan, Austria and Norway. Although these projects are supported by the agency, they have not yet become part of InvestChile’s portfolio, as they are still at an early stage prior to environmental assessment.

Contact Information:
Denisse Vásquez
Journalist at InvestChile
dvasquez@investchile.gob.cl

Claudio Álvarez
Head of Communications at InvestChile
calvarez@investchile.gob.cl

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Following Record Sales Growth and Launch of Disruptive New Product

CEDAR PARK, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) — VUV Analytics, Inc. announced today that it has raised $20 million in equity financing — led by existing investors S3 Ventures and New Science Ventures — bringing its total funding to over $36 million.  The announcement follows the recent launch of the company’s LUMA product and a record year for revenue with its unit sales run rate doubling year-over-year.

“By leveraging the unique capabilities of vacuum ultraviolet spectroscopy, VUV Analytics continues to drive disruptive innovation within analytical instrumentation,” said Brian R. Smith, Managing Director of S3 Ventures. “We are excited about their growth in hydrocarbon and low-carbon applications — as well as the launch of LUMA — which we expect to significantly broaden their market opportunity and accelerate growth.”

With over 100 customers, VUV Analytics devices are used by the top 10 U.S. oil refiners, the top four global test inspection and certification labs, and eight of the top 20 global chemical companies. The company’s products are rapidly being incorporated into hydrocarbon and low-carbon industry standards — with four ASTM methods fully approved and three others entering ASTM and CEN ballots.

“S3 Ventures and New Science Ventures have been great partners in building our business,” said Clark Jernigan, CEO of VUV Analytics. “They are patient, long-term investors who recognize the transformative potential of our technology.”

About VUV Analytics (www.vuvanalytics.com)

VUV Analytics is the leader in vacuum ultraviolet (VUV) detector technology for gas chromatography and automated analyzer applications. Virtually every compound absorbs strongly in the vacuum ultraviolet spectrum, with unique spectral signatures, providing a new dimension of chemical analysis. Learn more at www.vuvanalytics.com or contact VUV Analytics directly at (512) 333-0860.

About S3 Ventures (www.s3vc.com)

Based in Austin for 17+ years, S3 Ventures is the largest venture capital firm focused on Texas. We empower visionary founders with the patient capital and true resources required to grow extraordinary, high-impact companies in Business Technology, Digital Experiences, and Healthcare Technology. Learn more at www.s3vc.com.

About New Science Ventures (www.newscienceventures.com)

New Science Ventures, LLC (NSV) is a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value. NSV invests in companies using science-based innovations to address market needs in the life sciences and information technology sectors.

Contact Information:
Peter Boler
Vice President of Marketing
peter.boler@vuvanalytics.com
(512) 593-6986

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MetaQuotes, the developer of the industry-leading MetaTrader 5 trading platform, has announced the launch of MQL5 Channels, a specialized messaging app for traders and brokers

LIMASSOL, Cyprus, Feb. 16, 2023 (GLOBE NEWSWIRE) — The messenger provides a communication platform where users can create personalized news channels, chat with traders from all over the world and study technical and fundamental analysis.

Developed with the fintech industry in mind, MQL5 Channels is already available on the AppStore and on Google Play.

MQL5 Channels is designed to support the development of trading communities where users can share experiences and work together to find global solutions. Immediately after installation, users can subscribe to key trading channels and follow market updates or create a channel and promote their expertise among millions of traders and MQL5.community members.

By joining thematic communities, traders can learn more about technical and fundamental analysis, master their skills and improve their personal results. In collaborative chats, users can explore new ideas, share knowledge with newcomers and receive recommendations from more experienced market participants.

MQL5 Channels is primarily aimed at assisting MetaTrader 5 trading platform users by supporting thematic communities, creating corporate chats, and optimizing trading-related communications. MetaQuotes sticks to high security requirements to ensure the secure exchange of confidential data through the app, including images, videos, and different document types. MQL5 Channels’ reliable messaging system can deliver messages even with a poor Internet connection.

Members of the largest algorithmic community MQL5.com can sign into the app without extra registration, using existing account credentials.

Start secure communications with MQL5 Channels from your device: the messenger is available on the AppStore and Google Play.

About MetaQuotes

• MetaQuotes has been developing software applications for brokerage firms, banks, exchanges, and hedge funds for more than 20 years. The company’s products are used daily by millions of users and thousands of financial institutions.
• The MetaTrader 5 trading platform has become an industry standard, pushing outdated and inefficient platforms from the market.
• MQL5.com, the largest algorithmic trading community, offers many additional services ranging from algorithmic trading tools to VPS.
• Thanks to the continued support of the community, the company has created an unparalleled infrastructure around MetaTrader 5, which is trusted by tens of millions of traders from all financial markets.

Contact Information:
Mikhail Kirilin
PR Manager
kirilin@metaquotes.net
+35795564211

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List of 80 USPs reveals potential credible alternatives to Cryptocurrencies and Stablecoins, as well as credible Hedges against both Inflation and Currency Depreciation

LONDON and NEW YORK, Feb. 16, 2023 (GLOBE NEWSWIRE) — Global Telephony Provider Webtel.mobi’s US subsidiary – WM Holdings Inc. – has revealed over 80 USPs of its facilities and services, covering over 80% of most market activities, on its website wmholdings.mobi

Inserted in the “USP Overview” section of the website, all USP Cards contain not just the description of the USPs themselves, but also links to specific extracts from top-tier Research Reports, and details of its fully operational Facilities, that substantiate every USP.

Included among these are:

• The first Globally-Operational alternative to SWIFT
• The first Globally-Operational alternative to the Global FX Market
• The first Globally-Operational Wholesale + Retail CBDC equivalent
• The first Gold-Backed Digital Currency
• The first Globally-Operational Digital Multicurrency Currency equivalent
• 75 additional USP – many of them also world-firsts

Included in the list of USPs are also details of two Instruments that facilitate a Hedge against both Inflation and Currency Depreciation – the two economic trends that consumer and business markets worldwide are currently struggling with.

Moreover, in the aftermath of the recent and ongoing fallout of the Cryptocurrencies space, its Operational TUV Digital Currency and CBDC equivalents appear able to fill the credibility gap left in the next-generation digital currency space left by these recent events.

Similarly, its SWIFT alternative represents the first fully operational 21^st Century alternative to the SWIFT system since SWIFT’s debut 50 years ago.

The full list of 80 USPs, with links to supporting Research Reports and Operational Facility examples, can be seen in the “USP Overview” section of the WM Holdings Inc. website at https://wmholdings.mobi

__________________________________________
Resources:

WM Holdings Inc. Website: https://wmholdings.mobi

Contact: wm@thoburns.com

Inflation & Currency Depreciation Hedge: USPs 1 and 2

Alternative to SWIFT: USP 15

Alternative to Global FX Market: USP 16

Alternative to Global Multicurrency CBDCs: USPs 5, 7 and 8

Alternative Gold-Backed Digital Currency: USP 6

Alternative for Online & Offline Payments: USPs 28 and 29

Alternative to Cryptocurrencies: USPs 9, 10 and 11

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5dd769b4-99aa-4754-aad4-9e7cf0b4b9e8

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8750920

ROME, Feb. 16, 2023 (GLOBE NEWSWIRE) — Pietro Labriola, chief executive officer of the Italian telecommunications giant TIM, foresees a bright future for the company after above-expected 2022 results: “There are more lights than shadows ahead of us and our future will be better than its recent past,” the manager commented in a call with investors.

In 2022 TIM exceeded the targets set in the 2022 guidance, that had been already raised last August, “thanks to an excellent fourth quarter compared to the previous ones,” Labriola explained. “A performance capable of pushing the group’s service revenues to over 14.6 billion euros, +1.3 percent YoY, while total revenues amounted to 15.7 billion euros. Consolidated group revenues in the year have gone up 3,3% YoY to 4.3 billion euros, thanks to above all the acceleration of the development of TIM Brasil.”

And 2023 will be the year of the former tlc monopolist’s return to growth in its domestic business, according to the CEO: the course is set in TIM’s three-year Business Plan, approved by the board of directors. The CEO listed the main actions put in place in order to achieve the company’s goals: “We have laid the foundations for long-term change: the agreement with Open Fiber on white areas (territories not yet reached by ultra-broadband connections, ed.), the guidance updates, the revised agreement with Dazn, the establishment of the National Strategic Pole (a new society for cloud services directed to the public sector, ed.), and the sale of the share in Inwit.” All of this, the CEO said, makes TIM today “more credible than a year ago and the market is starting to believe in our company.”

And then there is the chapter about the spin-off of the infrastructure assets into a separate company. Mouths, however, are sealed on the offer made by the American fund Kkr. TIM’s top management is cooling down the curiosity about the matter: “I understand very much the interest there is around the divestment of Netco but today we will not make any comment on this and we will wait until February 24 when the board meets,” Labriola pressed on the call. “In the last three years, telecommunications investments have been 2-3 times higher than utilities and Tim is the second largest spender in terms of Capex, regardless of the sector,” he notes. But how have politics reacted? According to TIM’s CEO, “the government is actively addressing the issues” of telecommunications.

It will be up to TIM’s board and shareholders to decide whether to divest the whole company or keep a minority stake. For Labriola, “strategically and industrially, keeping a minority stake does not seem to be a viable option, but it depends on negotiations.”

“In Antitrust terms,” Labriola noted, “what is the advantage of keeping a minority stake in the network? Because I would have to divest myself of any kind of veto or voting rights, it will become a financial holding. In short, it depends on the negotiation,” but – Labriola reiterated – “these are issues that need to be addressed in the correct venues.”

Back to TIM’s numbers, at the end of 2022 the company had debts for 20 billion euros, “growing compared to 2021 exclusively because of extraordinary items.” In order “to change the company’s profile sooner or later,” the manager pointed out, “it will take a major deleverage.”

Furthermore, when asked about possible m&a action in the Italian Tlc sector, Labriola foresees consolidation happening and thinks TIM will “play a role”: “in the three years of the plan something will definitely happen in case of a sale of the network, which will trigger a domino effect.”

The CEO, lastly, stressed, “The telecommunications sector is changing, we need new rules. We are the second largest company in Italy in terms of investments in our country, second in terms of energy consumption, but despite this, no tax benefits are given to us and the sector. This is precisely why we are talking to institutions, to explain that telecommunications in Italy and Europe are changing, so a new industrial policy is needed. There is a need for rules to ensure that the sector can compete at its best. Even the CEOs of the other Tlcs in Italy agree that there is a need to review the rules of the game,” he concluded.

Meanwhile, Labriola recalled TIM’s strategies: “We want to create separate business units to increase optionality, creating a playing field to seize better opportunities for shareholders on the fly. Now we are talking about Netco because we have received an offer.” Asked about TIM Enterprise and the offer that came from Cvc, Labriola points out that “we are not interested in selling at any cost. We are aiming at enhancing the value of the company.” And on Iliad and interest in ServCo, “no negotiations or interlocutions are underway with Iliad,” he assured.

For more information:

Press Office LaPresse – ufficio.stampa@lapresse.it

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February 16, 2023

Company once again on Clarivate Top 100 Global Innovator list for consistent high performance and scale in innovativeness

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has once again been recognized as a Clarivate Top 100 Global Innovator in Clarivate Analytics’ 2023 list, which measures excellence focused on consistency and scale in innovativeness [1], thanks to its constant high performance on these metrics. Philips has now been included in this reputable list for 10 consecutive years.

“Our innovations empower people to take care of their health and well-being and help doctors and nurses to provide better, more sustainable and more convenient care,” said Roy Jakobs, CEO of Royal Philips. “It’s a great honor to be recognized as a Top 100 Global Innovator for the 10^th consecutive year, along with so many esteemed companies. Building on our more than 130 years of delivering meaningful innovation, we will continue to innovate with great passion, with our goal to improve 2.5 billion lives a year by 2030.”

Philips is one of the world’s leading innovators in health technology, investing more than EUR 1.7 billion annually in research and development to deliver patient- and people-centric innovation. With its global presence, strong informatics platforms, ambulatory monitoring and imaging data, and personal health offerings, as well as strong capabilities to support care across settings, Philips is well positioned to help improve people’s health and healthcare outcomes, and make care more convenient and sustainable, both in the hospital and at home.

In the consumer domain, Philips develops innovative solutions that support healthier lifestyles, prevent disease, and help people to live well with chronic illness, also in the home and community settings. In clinics and hospitals, Philips cooperates closely with healthcare providers to innovate and transform the way care is delivered. This includes flagship innovations such as:

• Ingenia Ambition MR with BlueSeal magnet, leveraging a breakthrough design where the magnetic components are completely sealed and only need seven liters of helium over its lifetime compared to roughly 1,500 liters with other systems. Additionally, it uses up to 53% less power per patient;
• Azurion image-guided therapy platform, supporting less invasive procedures and helping physicians deliver better patient care by combining clinical excellence with workflow automation, resulting in 17% time saving per procedure;
• IntelliVue patient monitoring solutions, leveraging superior hardware and predictive AI-based software and services that together monitor patients throughout their hospital stay;
• Sonicare 9900 Prestige, the most advanced AI-supported electric toothbrush for personalized oral care. It senses pressure, motion, tooth coverage, and other brushing actions, and then automatically adapts in real time to those consumer behaviors.

The full Top 100 Global Innovators 2023 report and full list can be found here.

[1]    The Top 100 Global Innovators uses a complete comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power. To move from the individual idea strength to identify the organizations that create them more consistently and frequently, Clarivate sets two threshold criteria that potential candidates must meet and then adds a measure of their patented innovation output over the past five years. For full information on the methodology used to identify the 2023 list, see here.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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UAS Leader Integrates DAPS Digital Manufacturing Process

SAN DIEGO, Feb. 15, 2023 (GLOBE NEWSWIRE) — General Atomics Aeronautical Systems, Inc. (GA-ASI), the world’s leading manufacturer of Unmanned Aircraft Systems (UAS), radars, electro-optic and related mission systems, is partnering with Divergent Technologies, Inc. (Divergent) to support its Additive Manufacturing applications development efforts and implement a full digital manufacturing process for GA-ASI’s products. Divergent has developed a data-driven approach to design, fabricate and assemble vehicle structures called the Divergent Adaptive Production System (DAPS). GA-ASI is working with Divergent to apply this capability to manufacturing its line of UAS.

“Throughout our 30 years of designing and developing advanced UAS, GA-ASI has been focused on implementing new capabilities into our manufacturing process,” said GA-ASI President David R. Alexander. “We’re working with Divergent to integrate their technology as part of our Additive Design and Manufacturing Center of Excellence strategy, with the goal of optimizing our design and manufacturing processes and providing next-generation UAS at the lowest cost.”

In 2022, GA-ASI began a joint development program with Divergent, which led to a stronger strategic partnership on multiple platforms. GA-ASI’s Additive Manufacturing (AM), aircraft integrity, material and design engineering teams are working with Divergent to adapt, apply and qualify its automobile industry-qualified technology to GA-ASI’s aircraft production. Divergent has grown within the automobile sector as a Digital Manufacturing process innovator, producing some of the fastest cars on the market with several recent car OEM adoption announcements.

“Divergent has invented the first industrial digital manufacturing system. Leveraging innovations in artificial intelligence, 3D printing, and automation, DAPS can be used to build the underlying structure for virtually any vehicle – whether land, sea, air, or space – better, faster and more cost-efficiently than traditional manufacturing,” said Kevin Czinger, Founder, Lead Inventor & CEO of Divergent.

GA-ASI and Divergent have already completed two projects leading to a fully integrated small (< 500 lbs.) UAS aerostructure, leveraging model-based, Artificial Intelligence (AI)-driven, and topology-optimized designs. The integrated metal structure was 3D printed, which led to the reduction of the part count integration by over 95% while meeting weight targets.

The DAPS process inspected each printed component by creating a full digital twin of the small UAS (SUAS) that was then applied to a fully automated, tool-less robotic assembly process that took less than 20 minutes to complete. This process enabled the team to go from a print-ready SUAS design to a fully assembled deliverable airframe in less than two days. GA-ASI anticipates this capability will enable near-theater ramp capacity in the future to support the warfighter.

This innovative approach to design and manufacturing leads to highly integrated weight and performance-optimized designs that are naturally, but not exclusively, leveraging AM technologies at a substantially lower airframe recurring cost, while providing a rapid tool-less iterative design approach for multiple platform variants.

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.

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

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