Verizon to report earnings January 24, 2025

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) — Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2024 earnings on Friday, January 24, 2025.

The company will present results and provide a business update on a webcast beginning at 8:30 a.m. Eastern Time. Fourth-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials will include:

  • Detailed information on Verizon’s fourth-quarter and full year results, including a recording and transcript of management’s commentary;
  • Verizon’s earnings news release; and
  • Financial tables.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Adi Wineland
[email protected]



Vishay Intertechnology Introduces Miniature, Sealed Multi-Turn SMD Trimmers for Harsh Environments

Offered in Compact 3 mm x 4 mm x 4 mm Footprint, Space-Saving Devices Feature IP67 Sealing and High Temperature Operation to +150 °C

MALVERN, Pa., Jan. 22, 2025 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc. (NYSE: VSH) today introduced a new series of multi-turn, surface-mount cermet trimmers. Designed for space-constrained industrial, consumer, and telecom applications in harsh environments, the TSM3 series devices combine a compact 3 mm by 4 mm by 4 mm footprint with a wide temperature range of -65 °C to +150 °C and IP67 sealing.

Compared to previous-generation devices, the trimmers released today offer a 25 % smaller case size and wider operating temperature range. In addition, the TSM3 series allows for fine tuning of its wide 10 Ω to 2 MΩ resistance range and provides a faster setting to time ratio than single-turn trimmers. Offering a 0.125 W power rating at +70 °C, the devices are available in both top and side adjustment styles, providing flexibility for various design requirements.

The TSM3 series supports automated PCB assembly and setting processes, enhancing production efficiency to save time and lower costs. Fully sealed to withstand standard board wash processing, the trimmers ensure reliability in automation controls and sensors; welding and cooling systems; robotics; power tools; smoke detectors; radios; and precision testing instrumentation.

Samples and production quantities of the TSM3 series are available now, with lead times of 15 weeks.

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.

The DNA of tech
® is a registered trademark of Vishay Intertechnology.

Vishay on Facebook:
http://www.facebook.com/VishayIntertechnology

Vishay Twitter feed:
http://twitter.com/vishayindust

Link to product datasheets:

http://www.vishay.com/ppg?51093 (TSM3)

Link to product photo:

https://www.flickr.com/photos/vishay/albums/72177720323226628

For more information please contact:

Vishay Intertechnology
Peter Henrici, +1 408 567-8400
[email protected]
or
Redpines
Bob Decker, +1 415 409-0233
[email protected]



Oshkosh Corporation Wins CES Picks Award from TWICE for Autonomous Refuse Robot

Oshkosh Corporation Wins CES Picks Award from TWICE for Autonomous Refuse Robot

Oshkosh recognized for its innovative Hail-able Autonomous Refuse Robot – Electric (HARR-E), which will offer refuse and recycling pickup on-demand

LAS VEGAS–(BUSINESS WIRE)–Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, recently announced it was selected as a winner in this year’s CES Picks Awards. Oshkosh was recognized for its Hail-able Autonomous Refuse Robot – Electric or HARR-E™. The Picks Awards distinguish and honor those brands who are leading the way with their innovative products and creative solutions. Judged by a panel of industry experts, winning a Picks Award provides recognition for the best new products on display at CES.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122944709/en/

Oshkosh Corporation (NYSE: OSK) received a CES Picks Awards. Oshkosh was recognized for its Hail-able Autonomous Refuse Robot – Electric or HARR-E™. The Picks Awards distinguish and honor those brands who are leading the way with their innovative products and creative solutions. Judged by a panel of industry experts, winning a Picks Award provides recognition for the best new products on display at CES. With HARR-E, Oshkosh is pioneering a new way to tackle a weekly chore — taking out the trash. HARR-E is an autonomous, electric refuse collection robot that offers on-demand refuse and recycling pickup via a smartphone app or virtual at-home assistant. Using AI-enabled navigation and advanced sensors, HARR-E autonomously collects trash, then returns to a central collection area. (Photo: Business Wire)

Oshkosh Corporation (NYSE: OSK) received a CES Picks Awards. Oshkosh was recognized for its Hail-able Autonomous Refuse Robot – Electric or HARR-E™. The Picks Awards distinguish and honor those brands who are leading the way with their innovative products and creative solutions. Judged by a panel of industry experts, winning a Picks Award provides recognition for the best new products on display at CES. With HARR-E, Oshkosh is pioneering a new way to tackle a weekly chore — taking out the trash. HARR-E is an autonomous, electric refuse collection robot that offers on-demand refuse and recycling pickup via a smartphone app or virtual at-home assistant. Using AI-enabled navigation and advanced sensors, HARR-E autonomously collects trash, then returns to a central collection area. (Photo: Business Wire)

With HARR-E, Oshkosh is pioneering a new way to tackle a weekly chore — taking out the trash. HARR-E is an autonomous, electric refuse collection robot that offers on-demand refuse and recycling pickup via a smartphone app or virtual at-home assistant. Using AI-enabled navigation and advanced sensors, HARR-E autonomously collects trash, then returns to a central collection area.

With advanced AI and robotics, Oshkosh’s Pratt Miller business unit developed a prototype system that optimizes efficiency and logistics to complement traditional refuse collection services and redefine day-to-day refuse collection for modern, master-planned communities and businesses.

“Self-driving technology will play an increasing role in our daily lives. HARR-E is a great example of how autonomous technology can make chores like taking out the trash a thing of the past,” said Jay Iyengar, executive vice president, chief technology and strategic sourcing officer, Oshkosh Corporation. “The Oshkosh team is proud to be recognized with this prestigious honor, as we continue to develop innovative solutions in electrification, AI, autonomy and connectivity to help keep communities clean and support a sustainable future.”

The awards’ editorial team shared, “The Picks Awards recognize outstanding products across consumer technology, the custom installation industry and innovative new technology that can truly help businesses of all sizes across various industries. Our team was highly impressed by the excellence and scope of this year’s entrants. All the winners should be proud of their achievements – a well-deserved congratulations from the entire awards team.”

Making its debut at CES2025, Oshkosh announced electrification, AI, autonomy and connectivity solutions to help everyday heroes — such as firefighters, soldiers, postal carriers, construction workers and people doing tough work on the tarmac of an airport — and the communities they serve. These solutions include:

  • A first-of-its-kind, purpose-built, all-electric refuse and recycling front-loader vehicle along with AI and electrified technologies that improve refuse and recycling collection in neighborhoods.

  • Autonomous robot designed for on-demand refuse collection to help manage weekly chores.

  • AI-enabled Collison Avoidance Mitigation System (CAMS) for fire and emergency vehicles to provide critical advance notice of an impending collision to first responders.

  • Self-driving vehicles and connected solutions like iOPS® and ClearSky Smart Fleet™ technologies to improve operations at airports and on job sites.

For more information on the products and technologies featured at CES please visit ces.oshkoshcorp.com.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

Financial:

Patrick Davidson

Senior Vice President, Investor Relations

920.502.3266

Media:

Tim Gilman

Senior Manager, Communications and Branding

920.509.0617

KEYWORDS: Wisconsin Nevada United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Robotics Automotive Manufacturing Recycling Manufacturing Automotive Vehicle Technology Autonomous Driving/Vehicles Artificial Intelligence Environment Software Hardware Consumer Electronics

MEDIA:

Photo
Photo
Oshkosh Corporation (NYSE: OSK) received a CES Picks Awards. Oshkosh was recognized for its Hail-able Autonomous Refuse Robot – Electric or HARR-E™. The Picks Awards distinguish and honor those brands who are leading the way with their innovative products and creative solutions. Judged by a panel of industry experts, winning a Picks Award provides recognition for the best new products on display at CES. With HARR-E, Oshkosh is pioneering a new way to tackle a weekly chore — taking out the trash. HARR-E is an autonomous, electric refuse collection robot that offers on-demand refuse and recycling pickup via a smartphone app or virtual at-home assistant. Using AI-enabled navigation and advanced sensors, HARR-E autonomously collects trash, then returns to a central collection area. (Photo: Business Wire)
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New Jersey Resources Board of Directors Declares Quarterly Dividend

New Jersey Resources Board of Directors Declares Quarterly Dividend

WALL, N.J.–(BUSINESS WIRE)–
The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.45 per share. The dividend will be payable on April 1, 2025, to shareowners of record as of March 11, 2025.

NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

  • New Jersey Natural Gas, NJR’s principal subsidiary,operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
  • Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions.
  • Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
  • Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.

For more information about NJR:

www.njresources.com.

Follow us on X.com (Twitter) @NJNaturalGas.

“Like” us on facebook.com/NewJerseyNaturalGas.

Media:

Mike Kinney

732-938-1031

[email protected]

Investors:

Adam Prior

732-938-1145

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Oil/Gas Natural Resources Alternative Energy Energy Other Natural Resources

MEDIA:

Transact and CBORD Strengthen Executive Team with Two Strategic Senior Leadership Appointments

Transact and CBORD Strengthen Executive Team with Two Strategic Senior Leadership Appointments

Industry veterans Don Smith and Klasey Gage bring decades of experience in product innovation and global operations to accelerate company growth

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Transact Campus (Transact) and CBORD, leaders in innovative campus technology and payment solutions, today announced the appointment of two senior executives to its leadership team. Don Smith joins as Senior Vice President and General Manager of Integrated Payments, while Klasey Gage takes on the role of Senior Vice President of Global Services, both bringing extensive experience in technology and operational leadership to support Transact and CBORD’s continued growth and innovation.

Don Smith returns to Transact after nearly 5 years, bringing 15 years of expertise in software and financial services innovation. In his new role as SVP & General Manager of Integrated Payments, Smith will leverage his extensive background in driving product innovation and market expansion. Most recently at MountainSeed, a commercial real estate leader, he led the creation of the company’s first product organization, launching the Analytics data product and implementing a revitalized go-to-market strategy. His earlier experience includes managing payments products at Higher One/CASHNet/Transact, where he played a crucial role in establishing and growing the integrated payments portfolio.

Klasey Gage joins as Senior Vice President of Global Services, bringing 25 years of leadership experience in SaaS, cloud operations, and global services. In this role, Gage will oversee Implementation Services, Client Support, Supply Chain / Procurement, and India Operations, including the company’s Hexaware relationship. His track record includes delivering transformative initiatives focused on operational excellence and customer experience at industry leaders including Adobe, Caradigm, and Echopass.

“These strategic appointments reflect our commitment to strengthening our leadership team with experienced executives who bring proven track records of innovation and operational excellence,” said Nancy Langer, CEO at Transact and CBORD. “Don’s deep understanding of our industry and product innovation expertise, combined with Klasey’s extensive experience in global services and operational transformation, will be instrumental in driving our next phase of growth and enhancing our client experience.

About Transact Campus

Transact Campus (Transact), is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Transact is a leader in innovative payment, campus ID, and commerce solutions for a connected campus. Transact’s highly configurable, mobile-centric campus technology ecosystem simplifies the user experience across the full spectrum of campus life. Transact’s offerings include integrated solutions for tuition and other student expense payments, multi-purpose campus IDs, and campus commerce. For more information, visit www.transactcampus.com.

About CBORD

The CBORD Group, Inc. (CBORD), a Roper Technologies Company, is a leading provider of food and nutrition service management software, integrated security solutions, campus card and cashless systems, and commerce platforms for healthcare, senior living, higher education, and business campuses. With over 10,000 organizations using CBORD solutions globally, CBORD is committed to delivering innovative and comprehensive technology solutions that enhance the daily lives of patients, residents, students, staff, and administrators.

Media contact

The Fletcher Group for Transact

Geoff Renstrom

[email protected]

208-871-9280

KEYWORDS: Arizona United States North America

INDUSTRY KEYWORDS: Banking Technology Professional Services Payments Food/Beverage Apps/Applications Retail Software Fintech Restaurant/Bar Finance

MEDIA:

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DigitalOcean Launches Advanced Generative AI Platform

DigitalOcean Launches Advanced Generative AI Platform

Announced at the Deploy 25 developer conference, the new DigitalOcean GenAI Platform empowers developers to easily integrate AI into business applications

AUSTIN, Texas–(BUSINESS WIRE)–
Today, DigitalOcean (NYSE: DOCN), the simplest scalable cloud for growing tech companies, introduced its new GenAI Platform at the company’s developer conference, Deploy 25, hosted in Austin, Texas. The DigitalOcean GenAI Platform allows customers to use foundational models from third-party providers to build and deploy AI agents in minutes without the need for advanced expertise in AI or machine learning.

DigitalOcean’s new GenAI Platform’s intuitive workflows meet customers wherever they are in their AI journey by allowing them to set up agents with access to robust data pipelines and multi-agent crews. Supporting everyone from AI beginners to seasoned experts, this groundbreaking platform positions DigitalOcean at the forefront of AI development by allowing businesses to build chatbot experiences with third-party foundational models to support a number of real-world use cases such as document analysis, intelligent customer service, automated workflows, and interactive conversational agents, with more use cases on the horizon. The platform is built to be framework-agnostic to allow for a seamless transition from creation to implementation.

“As AI continues to enhance business strategies, it is essential to have a partner like us that is evolving with technology and making AI accessible for users,” said Bratin Saha, Chief Product and Technology Officer at DigitalOcean. “Generative AI is an evolving concept, but our team has worked tirelessly to create an easy-to-use platform that seamlessly integrates with our customers’ existing infrastructure and has a low barrier to entry for developers at any expertise level.”

The GenAI Platform makes it simple to create use-case specific agents by bringing your contextual data to foundation LLMs offered by leading third parties. You can not only pull in unstructured data from files but also structured data from databases or APIs to augment your prompts and build rich Retrieval Augmented Generation (RAG) workflows. With function calling, you can easily extend the capabilities of your agent with custom code without needing to spin up new processes. Additionally, with included guardrails, you can easily manage your agent’s responses, helping to filter out incorrect or inappropriate results. Support for private endpoints and an included chatbot interface makes launching these agents on your website straightforward, enabling you to deliver immediate value to your users.

“As a company that offers a holistic customer platform for plant and machine manufacturers, we explored a few GenAI options to help us create and manage large volumes of documentation for each customer’s plant,” said Florian Bauernfeind, Managing Director at Autonoma. “With DigitalOcean’s new GenAI Platform, we are able to quickly create intelligent AI agents that understand each customer’s specific context and language – making it easy to read through pages of documentation and search through a variety of content via chatbot. As a company, we are really excited about DigitalOcean’s latest offering as we look to expand our own to transform our customer’s experience.”

As DigitalOcean continues to expand its AI strategy in 2025 and beyond, the GenAI Platform brings new resources and functionality for customers looking to iterate in a competitive marketplace. These innovations will allow growing tech companies to harness their data and implement AI with ease. While select DigitalOcean customers experienced this platform late last year in a private preview, the GenAI Platform is available to all customers starting today, January 22, 2025.

Stay tuned as the DigitalOcean team continues to add exciting new features to the GenAI Platform, including support for URLs as a data source, agent evaluations for AgentOps and CI/CD pipelines, model fine-tuning, and more.

To learn more about DigitalOcean’s GenAI Platform, visit our product page. Additionally, check out DigitalOcean’s YouTube channel for a replay of the 2025 Deploy sessions and to see the platform in action.

About DigitalOcean

DigitalOcean is the simplest scalable cloud platform that democratizes cloud and AI for growing tech companies around the world. Our mission is to simplify cloud computing and AI to allow builders to spend more time creating software that changes the world. More than 600,000 customers trust DigitalOcean to deliver the cloud, AI, and ML infrastructure they need to build and scale their organizations. To learn more about DigitalOcean, visit www.digitalocean.com.

DigitalOcean Media

Dan Jensen

[email protected]

Investors

Melanie Strate

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Data Management Apps/Applications Technology Other Technology Software Networks Artificial Intelligence

MEDIA:

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DigitalOcean Welcomes Cloud & AI Developer Community to Deploy 2025 Conference

DigitalOcean Welcomes Cloud & AI Developer Community to Deploy 2025 Conference

DigitalOcean debuts vision for future of cloud, AI for digital-native businesses

AUSTIN, Texas–(BUSINESS WIRE)–DigitalOcean, the simplest scalable cloud for growing tech companies, today kicked off its Deploy 25 customer conference in Austin, Texas bringing together the most passionate community of builders to share best practices, network, and experience DigitalOcean’s vision for the future of cloud computing and AI. The event features keynote presentations from DigitalOcean leadership and customers, the unveiling of new innovations in cloud and AI, as well as opportunities to learn from the rest of the DigitalOcean community.

“2024 was another monumental year for DigitalOcean, featuring groundbreaking product innovations, accelerated customer adoption, and the expansion of our technology and reseller partner programs,” said Paddy Srinivasan, DigitalOcean CEO. “We’re looking forward to connecting in-person with our customers and community at Deploy 25, and sharing more about our exciting innovations in generative AI as well as our core cloud computing platform. 2025 is an inflection point for the intersection of cloud and AI, and the updates that we’re introducing to our community this week will help our customers stay at the leading edge.”

GenAI Platform

Highlighting the announcements made at Deploy 2025 is the introduction of DigitalOcean’s GenAI Platform, a brand-new platform promising to be the one of the simplest solutions to create, deploy, and integrate agents for real applications. The new GenAI Platform gives customers everything they need to build their own AI applications, without the need for advanced expertise in AI or machine learning programming. Customers can easily and quickly build AI agents within DigitalOcean’s infrastructure by adding their data with pre-trained third party GenAI models, and seamlessly integrate those agents into a customer application via a secure endpoint or a chatbot plugin.

This platform will provide pre-built components like hosted third party LLMs, data ingestion pipelines, and knowledge bases, making it easier for our customers to create AI-powered applications without getting bogged down in complex infrastructure management.

For more details on the new offering, visit our product page.

Improved Resources for Hatch Startups

DigitalOcean has long been the preferred cloud platform for developers looking to build and run their startup businesses. To continue this cycle of growth within its startup community, DigitalOcean’s Hatch program is introducing new resources and benefits for select participating companies, including:

  • Up to $100,000 in Compute Credits: Breathe a little easier with significant compute credits for qualified Hatch program participants that will help you experiment, develop, and scale for less.

  • Up to 3 Months of Free GPU Usage: Qualified startups can hit the ground running with zero GPU costs for a limited period of time. Terms apply.

  • Complimentary Premium Support: Get expert guidance when you need it most at no additional cost.

The program also features a unique go-to-market acceleration component, giving participants access to DigitalOcean’s marketplace of approximately 638,000 customers, co-marketing opportunities, and the chance to showcase their solutions at DigitalOcean’s premier developer events.

To learn more about Hatch, apply for your team to be part of the program, and see if you are eligible for the benefits outlined above, visit http://do.co/AIStartups.

Ongoing Product Innovations

In addition to the above announcements, DigitalOcean also introduced the following product innovations:

VPC Peering enables customers to connect their Virtual Private Cloud (VPC) and establish seamless communication between resources hosted in those VPCs using private IP addresses, traversing through the DigitalOcean backbone.

Global Load Balancers enable customers to distribute HTTP/s traffic across backend resources hosted in different DigitalOcean regions. These can be used by customers to increase their application availability, performance, and resilience by directing users to the nearest available resource helping to reduce latency.

Internal Load Balancers enable customers to distribute regional HTTP/s/TCP/UDP traffic across resources within a Virtual Private Cloud (VPC) using private IP addresses. This helps to enhance security by helping to ensure that internal workloads remain isolated from the public internet, making it ideal for applications requiring private communication.

Droplet Autoscale Pools help ensure that the right resources are available to handle application workloads, scaling automatically to meet demand while helping to minimize costs.

Bitbucket Support in App Platform enables customers to seamlessly connect their Bitbucket accounts and deploy apps directly from Bitbucket repositories.

Flexible application management capabilities in App Platform help provide precise control (archive/restore in beta, maintenance mode, restart, command line access to the app containers) over app lifecycle.

VPC-native DOKS Clusters makes Digitalocean Kubernetes VPC-native. VPC resources can communicate natively with Kubernetes pods in DOKS.

DOKS now scales to 1000 nodes (beta) enabling SMBs to scale even more.

To join the DigitalOcean community at Deploy 25 or to watch online, register at https://www.digitalocean.com/deploy#register.

About DigitalOcean

DigitalOcean is the simplest scalable cloud platform that democratizes cloud and AI for growing tech companies around the world. Our mission is to simplify cloud computing and AI to allow builders to spend more time creating software that changes the world. More than 600,000 customers trust DigitalOcean to deliver the cloud, AI, and ML infrastructure they need to build and scale their organizations. To learn more about DigitalOcean, visit www.digitalocean.com.

DigitalOcean Media

Dan Jensen

[email protected]

Investors

Melanie Strate

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Networks Other Technology Technology Artificial Intelligence Software

MEDIA:

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Verisk Estimates Industry Insured Losses for the Palisades and Eaton Fires Will Fall Between USD 28 Billion and USD 35 Billion

This estimate includes losses due to fire and is inclusive of losses to the California Fair Plan

BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) — The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses to property for the Palisades and Eaton fires together will fall between USD 28 billion and USD 35 billion. This estimate includes losses due to fire and is inclusive of losses to the California Fair Plan.

Of this total, Verisk estimates insured losses from the Palisades fire will range between USD 20 billion and USD 25 billion, and losses from the Eaton fire will range between USD 8 billion and USD 10 billion. Most of the losses are to residential risks.

“The ongoing devastation from these deadly wildfires is truly heartbreaking,” said Rob Newbold, president of Extreme Event Solutions at Verisk. “We are advancing science and risk management to help communities build resilience against disasters like these catastrophic wildfires. The amount of data and insights to support mitigation efforts continues to grow, which can help inform how communities rebuild in the wake of this disaster.”

The impacted areas from the Palisades fire include some of the highest property values in the country, and many of the policyholders have considerable contents exposure, including jewelry, fine art and other luxury goods.

Demand surge analysis was completed using historical construction cost data for the Los Angeles area (Los Angeles County and Santa Barbara County) using Verisk’s 360Value® Quarterly Residential Replacement Cost Index (seasonally adjusted).

Given the large number of destroyed structures from these two events, and the need for complete rebuilding, it is likely that losses stemming from debris removal coverage will be non-trivial.

Included in this estimate are losses to residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverages. This estimate accounts for demand surge, debris removal and estimated insured take-up rates.

Verisk’s loss estimates do not include:

  • Losses from smoke damage
  • Losses from the Hurst fire or other fires during this past month other than Palisades and Eaton
  • Losses exacerbated by litigation, fraudulent assignment of benefits, or social inflation
  • Losses from guaranteed replacement cost coverage
  • Losses from ordinance or law coverage
  • Losses to uninsured properties
  • Losses to infrastructure
  • Losses from extra-contractual obligations
  • Losses from hazardous waste cleanup, vandalism, or civil commotion, whether directly or indirectly caused by the event
  • Loss adjustment expenses

Update on Verisk U.S. Wildfire Model Review by California Department of Insurance

On January 2, Verisk announced that it was the first modeler to request a review of its U.S. Wildfire Model as part of California Insurance Commissioner Ricardo Lara’s, ‘first of its kind’ catastrophe modeling and ratemaking regulation, a central part of his Sustainable Insurance Strategy. As of January 16, Verisk’s petition for model review has been granted by the CDI. This marks the commencement of the next step and formal review.

The use of catastrophe models in California is expected to provide consumers, insurers, and regulators with enhanced insights into natural disaster risks and increased insurance availability across the state.

            ###

About Verisk 
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom



Mary Keller 
Verisk 
339-832-7048 
[email protected] 

MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs

MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs

Latest Virtuoso Studio release and Spectre Simulator deliver a 30% productivity gain for MediaTek’s 2nm design flow compared to prior Virtuoso releases

Highlights:

  • Virtuoso Studio advanced optimization enhances MediaTek’s efficiency by 30% by accelerating the design-centering process
  • Spectre X Simulator on NVIDIA Hopper GPUs achieved up to 6X greater performance while maintaining accuracy
  • MediaTek’s adoption of Virtuoso Studio’s layout routing and placement tools provides another 30% design productivity improvement

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence (Nasdaq: CDNS) today announced that MediaTek has adopted the AI-driven Cadence®Virtuoso® Studio and Spectre® X Simulator on the NVIDIA accelerated computing platform for its 2nm development. As design size and complexity continue to escalate, advanced-node technology development has become increasingly challenging for SoC providers. To meet the aggressive performance and turnaround time (TAT) requirements for its 2nm high-speed analog IP, MediaTek is leveraging Cadence’s proven custom/analog design solutions, enhanced by AI, to achieve a 30% productivity gain.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122483099/en/

To meet the aggressive performance and turnaround time (TAT) requirements for its 2nm high-speed analog IP, MediaTek is leveraging Cadence’s proven custom/analog design solutions, enhanced by AI, to achieve a 30% productivity gain. (Graphic: Business Wire)

To meet the aggressive performance and turnaround time (TAT) requirements for its 2nm high-speed analog IP, MediaTek is leveraging Cadence’s proven custom/analog design solutions, enhanced by AI, to achieve a 30% productivity gain. (Graphic: Business Wire)

“As MediaTek continues to push technology boundaries for 2nm development, we need a trusted design solution with strong AI-powered tools to achieve our goals,” said Ching San Wu, corporate vice president at MediaTek. “Closely collaborating with Cadence, we have adopted the Cadence Virtuoso Studio and Spectre X Simulator, which deliver the performance and accuracy necessary to achieve our tight design turnaround time requirements. Cadence’s comprehensive automation features enhance our throughput and efficiency, enabling our designers to be 30% more productive.”

Using the Virtuoso ADE Suite, MediaTek has integrated its own AI-powered optimization algorithm in its future product development workflow, improving its designers’ circuit design efficiency. Cadence’s Spectre X running on NVIDIA H100 GPUs delivers the same accuracy as Spectre X running on CPUs while delivering up to a 6X performance improvement for post-layout simulations of large, advanced-node designs.

“Improved performance and efficiency are key to advancing today’s complex chip design processes,” said Dion Harris, director of accelerated computing at NVIDIA. “With Cadence’s Spectre X running on NVIDIA Hopper GPUs, companies like MediaTek can accelerate the verification of their complex post-layout designs, maximize analog circuit simulation performance and reduce time to market.”

MediaTek’s analog layout team has also adopted the Virtuoso Layout Suite device-level router for custom digital blocks in 2nm technology, significantly enhancing layout productivity. Additionally, MediaTek is leveraging AI and Virtuoso’s open platform to customize a prototyping placement and low power prediction flow, which provides another 30% design productivity improvement.

“MediaTek’s validation of our latest Virtuoso Studio release and Spectre X Simulator on NVIDIA’s accelerated computing platform demonstrates that Cadence’s continued investment in enhancing our industry-leading custom design solutions and AI tools is a game changer for our customers’ most challenging 2nm designs,” said Vinod Kariat, corporate vice president and general manager of the Custom Products Group at Cadence. “Bringing the power of AI and GPUs to Spectre X enables MediaTek to solve its large-scale verification simulation challenges even more quickly, without sacrificing accuracy.”

Additional Resources

About Cadence

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For 10 years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

© 2025 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

Category: Featured

For more information, please contact:

Cadence Newsroom

408-944-7039

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Electronic Design Automation Data Management Semiconductor Technology Software Artificial Intelligence Hardware

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To meet the aggressive performance and turnaround time (TAT) requirements for its 2nm high-speed analog IP, MediaTek is leveraging Cadence’s proven custom/analog design solutions, enhanced by AI, to achieve a 30% productivity gain. (Graphic: Business Wire)
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Nordic American Tankers Ltd (NYSE: NAT) – An active period involving several transactions

 

Wednesday, January 22, 2025

 

Dear Shareholders and Investors,

In the recent past, NAT has carried through several transactions, reflecting a very active period.

NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner. 

Furthermore, we have also sold a 2003-built vessel to a UK based owner.

This sale which is expected to close in the second half of February, will produce a cash injection of USD 22.5 million.

NAT is in a very solid position and the transactions above reflect our financial flexibility.

Going forward, we see expansion on the horizon.

We wish to assure shareholders that dividend always will be a priority.

Please also see our home page www.nat.bm

 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                      

 

 

 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with 

the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

 

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171