Avangrid Pioneers In-House Creation of Artificial Intelligence to Increase Reliability

Avangrid Pioneers In-House Creation of Artificial Intelligence to Increase Reliability

Machine learning models will allow CMP, NYSEG, RG&E and UI to forecast grid performance ahead of severe storms, troubleshoot problems areas and pinpoint investments to increase reliability

ORANGE, Conn.–(BUSINESS WIRE)–
When describing the day-to-day work of an electric utility, ‘pushing the boundaries of technology’ might not be the first descriptor that comes to mind. However, Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, is looking to change that. Avangrid has launched a Data Science and Analytics team aimed at developing unique and proprietary artificial intelligence (AI) systems that are focused on improving reliability for customers. Once complete, these machine learning models will change how the company approaches grid investments, equipment upgrades, storm forecasting and more.

“We’re reimagining what’s possible for a utility when it comes to data science and analytics,” said Pedro Azagra, Avangrid CEO. “Traditionally, we’ve partnered with third parties to integrate this type of cutting-edge technology into our business. Now, we have the talent in-house to create machine learning models that Avangrid will own, and as a member of the Iberdrola Group we’re also collaborating with our global colleagues to lean on their experience and expertise. Owning these AI systems will allow us to continually improve them while reducing costs and increasing efficiency.”

Avangrid’s Data Science and Analytics team sits within the Operational Performance organization and is made up of seven data scientists, engineers and analysts who come from prestigious industries like healthcare, astrophysics and finance. The team is creating three unique AI systems: Predictive Health Analytics, GeoMesh and HealthAI. Each technology will take existing data from Avangrid companies’ electric grids and analyze it to forecast future performance of the grid, determine the condition of grid equipment or target at-risk locations for inspections and investment. Ultimately, this will lead to increased reliability for the 2.31 million electric customers served by Avangrid’s subsidiaries, Central Maine Power, New York State Electric & Gas, Rochester Gas and Electric and United Illuminating.

“We’re using data to answer questions that we previously thought were unanswerable,” said Catherine Stempien, Avangrid Networks President and CEO. “Utilities are no longer just a poles and wires business—we’re paving the way for the future of grid management and reliability. By creating and owning these AI systems, we’re taking greater control over the care of our network, customers and communities. Our top priority will always be the day-to-day power reliability for our customers, so we’re very excited to roll out these machine learning models for their benefit.”

Predictive Health Analytics

This project takes a proactive approach to determine the condition of substation equipment such as circuit breakers, which are like fuses at your house, and uses data to prioritize planned replacements and upgrades. Traditionally, equipment is replaced primarily based on age or if it malfunctions and causes an outage. Predictive Health Analytics will take a proactive, data-driven approach to determine equipment’s overall health and life expectancy based on numerous factors, including age, frequency of use, manufacturer and maintenance notifications. This means Avangrid will save money and help reduce outages for customers by replacing at-risk equipment, such as circuit breakers, before it causes an outage.

GeoMesh

This project maps Avangrid’s service areas to identify the strengths and weakness of its electric networks to help forecast its performance during both blue-sky and storm scenarios. The goal is to improve understanding about how the electric grid is performing under various weather conditions so that Avangrid’s companies can better plan upgrades, storm response and more.

To accomplish this, GeoMesh breaks Avangrid’s service areas into small sections to allow the company to focus on one specific region at a time. For the chosen selection, GeoMesh makes predictions by analyzing millions of data points, such as average wind speed, precipitation type and amount, outage history and reason, population and density of tree limbs and other vegetation. All of this lets Avangrid make informed, data-based decisions on things like where and what upgrades are most needed or which customers are most likely to be impacted by a storm.

“We want to understand at a local-level where our grid is most susceptible to the impacts of extreme weather like heavy, wet snow or heat waves,” said Mark Waclawiak, Senior Manager of Operational Performance at Avangrid. “Analyzing historical weather and reliability data can help give us that insight. Once we do this, we can tailor our grid investments to harden our grid and offset the impacts of ever intensifying storms due to climate change.”

HealthAI

This project analyzes Avangrid’s existing millions of high-resolution photos of its street-level distribution system—poles, wires and grid equipment—to identify the assets in the photos and, eventually, catalogue their health. This increases Avangrid’s awareness of the condition of its grid equipment and helps to identify areas of concern. HealthAI will save Avangrid time and money by targeting at-risk locations for inspections and maintenance. It will also improve reliability for customers by reducing outages and improve safety for lineworkers by giving them more information before they arrive on scene.

Currently, Avangrid is training the AI system to correctly identify grid equipment in photos, such as cross arms, transformers or wire. Next, the AI system will learn to analyze and determine the health of that equipment. For instance, it will identify if the cross arm is broken or if the wire is sagging. Right now, Avangrid learns of these equipment damages or failures from customer reports, manual inspections or outages. HealthAI will make it an automatic and proactive process to make adjustments before the customer is impacted. Long term, Avangrid aims to also use HealthAI to also identify threats to its distribution network such as hanging tree limbs or dead trees that may fall onto company electric lines.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

Media Contact:

Sarah Warren

[email protected]

585-794-9253

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Technology Other Energy Utilities Oil/Gas Health Technology Alternative Energy Energy Health Artificial Intelligence

MEDIA:

Logo
Logo

Gabelli Funds to Host PFAS Symposium at the Harvard Club, New York City

Thursday, September 28, 2023

RYE, N.Y., Aug. 16, 2023 (GLOBE NEWSWIRE) — Gabelli Funds is hosting a PFAS Symposium on Thursday, September 28, 2023 at the Harvard Club in New York City. 

This event will focus on issues surrounding PFAS uses, replacements, and remediation. It will feature presentations from leading companies in waste and disposal services, water utilities, testing, and remediation. Attendees will also have the opportunity to meet with management in a one-on-one setting.

PFAS (Per/Polyfluoroalkyl substances) are compounds that were widely used for perceived benefits in many industrial and commercial household applications; they have increasingly become an environmental and public health concern due to their persistence and inability to naturally degrade. Prospective attendees can learn more about the symposium on our website.

Featured Companies:

374Water (NASDAQ: SCWO)

Advanced Emission Solutions (NASDAQ: ADES)

American Water Works (NYSE: AWK)

BioLargo (OTCM: BLGO)

Casella Waste (NASDAQ: CWST)

Hazen and Sawyer (Private)

Heritage Environmental Services (Private)

Minerals Technologies (NYSE: MTX)

Montrose Environmental (NYSE: MEG)

Regenesis (Private)

SJW Corp (NYSE: SJW)

Xylem Inc. (NYSE: XYL)

Details:

Gabelli Funds PFAS Symposium
September 28, 2023
Virtual Conference Registration: CLICK HERE

For general inquiries or to request one-on-one meetings, contact:

Miles McQuillen, AVP Private Wealth Management, [email protected]

Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

Contact: Rosemarie J. Morbelli, CFA
  Senior VP, Specialty Chemicals
  (914) 921-7757
   
  Wayne C. Pinsent, CFA
  VP, Specialty Chemicals
  (914) 921-8352
   

 



ReFrame and IMDbPro Award the ReFrame Stamp for Gender-Balanced Hiring to 94 of the 200 Most Popular TV and Streaming Series of 2022-23, including Emmy Nominees Abbott Elementary, The Bear, Yellowjackets, and Wednesday

ReFrame and IMDbPro Award the ReFrame Stamp for Gender-Balanced Hiring to 94 of the 200 Most Popular TV and Streaming Series of 2022-23, including Emmy Nominees Abbott Elementary, The Bear, Yellowjackets, and Wednesday

ReFrame Report finds increase in number of women showrunners; nearing gender parity in writing and directing credits; men still dominate in directing pilots

LOS ANGELES–(BUSINESS WIRE)–IMDbPro and ReFrame, an initiative of Sundance Institute and Women in Film (WIF), today announced that 94 of the 200 most popular scripted series of the 2022-23 season have been awarded their ReFrame Stamp for gender-balanced hiring. A full list is provided below.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230815769887/en/

IMDbPro and ReFrame, an initiative of Sundance Institute and Women in Film (WIF), today announced that 94 of the 200 most popular scripted series of the 2022-23 season have been awarded their ReFrame Stamp for gender-balanced hiring. (Graphic: Business Wire)

IMDbPro and ReFrame, an initiative of Sundance Institute and Women in Film (WIF), today announced that 94 of the 200 most popular scripted series of the 2022-23 season have been awarded their ReFrame Stamp for gender-balanced hiring. (Graphic: Business Wire)

The ReFrame TV Stamp, launched in 2018, is awarded to scripted series that hire women or people of other underrepresented genders (including those who are trans, non-binary or gender non-conforming) in at least 50% of key roles including: showrunner, writers, directors, producers, lead, co-leads, and department heads. Additional points are awarded to productions that hire women of color in these key positions, and to those with overall gender parity in their crews. View full criteria here.

The 94 awardees represent 47% of the 200 most popular scripted series, which is equivalent to the 2021-22 season results. Additionally, the ReFrame Report, released today and featuring an in-depth analysis of gender and hiring in TV, identifies positive progress in several areas: an increase in episodes directed by women (40%, up from 36% last year), parity achieved in episodes written by women (50.08%, up from 48.4% last year), as well as a record-breaking 54% of popular series featuring a woman in the lead acting role (up from 45.5% last year). Key findings of the Report, determined by ReFrame’s extensive analysis of data provided by IMDbPro on 1,977 episodes, include:

  • There are more women running the show. 32.5% of all series had at least one female showrunner, up from 29.5% last year. 9.5% had a woman of color showrunner, up from last year’s 3.5%.
  • More women writers are getting episode credit. 50.08% of the analyzed episodes were written or co-written by women.55% of network TV episodes, 50% of streaming episodes, and 39% of cable episodes had at least one woman credited as writer or co-writer.
  • While directing hires are nearing gender parity, pilot directing jobs remain primarily in the hands of male directors. 40% of directing jobs on the Top 200 shows went to women, up from 36% last year. But of the 113 pilot episodes on the list, only 31 (27%) were directed by women. Only 3 pilots were directed by women of color, and all were for streaming services (no network or cable shows hired a woman of color to direct a pilot on the list).
  • Series with women in the lead role hit an all-time high, and supporting casts are diversifying. 108 of the 200 shows analyzed featured a woman in the top-billed acting role (54%), with 39 of those being women of color (19.5%). This represents an increase from the prior year, when 91 (45.5%) of the top-billed roles went to women, and 21 of those were women of color (10.5%). 152 series (76%) had a supporting cast that was composed of at least 50% women or people of other underrepresented genders. 129 series (64.5%) had a supporting cast that was composed of at least 25% women of color.
  • For the second consecutive year, the majority of Emmy Nominees for Outstanding Comedy Series received the Stamp. 5 of the 8 top comedies (Abbott Elementary, Only Murders in the Building, The Bear, The Marvelous Mrs. Maisel, and Wednesday) met the gender-balanced production criteria, while only 1 of the 8 nominated series in the Outstanding Drama category (Yellowjackets) earned the Stamp. This represents a decline from the prior year when 3 of the 8 drama nominees qualified.

“Our research shows that scripted television has been far outpacing studio features in the movement towards gender parity, in front of and behind the camera,” said Andria Wilson Mirza, Director of ReFrame. “For the first time, we have hit the 50% mark in episodic writing credits for women, and 40% in directing. As we celebrate this positive progress, and the shows and showrunners that drove these averages up, we want to also point out that a third of the series that earned the Stamp this year have since been canceled. As we look forward to a return to development and production of scripted television, it’s imperative that gender parity remains a priority, and that progress doesn’t stall or backslide just as women are gaining ground.”

The ReFrame Report also includes a company report card, indicating the percentage of shows from each studio, streamer and network that met ReFrame Stamp criteria. Netflix, Disney and Amazon each saw year-over-year increases in the percentage of Stamped series in their lineup, while fewer series from Paramount, Warner Bros. Discovery, and Apple earned the Stamp.

To determine the 2022-23 Stamp recipients, ReFrame examined IMDbPro data on the 200 most popular narrative television and streaming shows with a full season of episodes released during the Emmys eligibility period of June 1, 2022 – May 31, 2023. See the full list here. Each show was considered for the list based on its top-performing four weeks during the eligibility period on the IMDbPro proprietary ranking of titles, factoring in the removal of sports, news, non-fiction and reality programs. IMDbPro rankings are based on the actual page views of the more than 200 million monthly visitors to IMDb worldwide. IMDb is the world’s most popular and authoritative source for information on movies, TV shows and celebrities, and its vast and authoritative database features more than 500 hundred million searchable data items.

ReFrame encourages all scripted productions to implement equitable hiring practices and apply to earn the ReFrame Stamp year-round. Through an open application process, numerous television and streaming productions outside of the Top 200 earned the Stamp in 2022-23, including Station 19 (ABC), High School (Amazon), Unprisoned (Hulu) and Grease: Rise of The Pink Ladies (Paramount+). The list of all 2022-2023 Stamped shows is available below, on ReFrame’s website and at IMDb.com/ReFrame.

About ReFrame

Founded and led by Sundance Institute and Women In Film, Los Angeles (WIF), ReFrame is an initiative that employs a unique strategy: a peer-to-peer approach, in which ReFrame Ambassadors engage with senior industry decision-makers at over 50 Partner Companies to implement ReFrame systemic change programs. The initiative’s goals are to provide research, support, and a practical framework that can be used by Partner companies to mitigate bias during the creative decision-making and hiring process, celebrate successes, and measure progress toward a more gender-representative industry on all levels.

The ReFrame Council, which leads the strategic direction of the organization with ReFrame Director Andria Wilson Mirza, includes the initiative’s founding members, WIF Executive Director Kirsten Schaffer, former Sundance CEO Keri Putnam, and Oscar-winning producer, WIF President Emeritas and founder of Welle Entertainment Cathy Schulman, alongside Channing Dungey (Chairman, Warner Bros. Television Group), Franklin Leonard (Founder, The Black List), Rena Ronson (Head of UTA Independent Film Group), and Michelle Satter (Founding Senior Director, Artist Programs, Sundance Institute).

ReFrame is made possible by support from Netflix’s Creative Equity Fund, IMDbPro, The David and Lura Lovell Foundation, The Harnisch Foundation, WME, Adobe, Delta Air Lines, and the Women at Sundance Leadership Council.

About IMDb

IMDb is the world’s most popular and authoritative source for information on movies, TV shows, and celebrities. Products and services to help fans decide what to watch and where to watch it include: the IMDb website for desktop and mobile devices; apps for iOS and Android; and X-Ray on Prime Video. IMDb also produces IMDb original video series. For entertainment industry professionals, IMDb provides IMDbPro and Box Office Mojo. IMDb licenses information from its vast and authoritative database to third-party businesses worldwide; learn more at developer.imdb.com. IMDb is an Amazon company. For more information, visit imdb.com/press and follow @IMDb.

About IMDbPro

IMDbPro is the essential resource for entertainment industry professionals. This membership service empowers professionals with information and features designed to help them achieve success throughout all stages of their career. An IMDbPro standard membership includes the following: detailed contact and representation information; tools for members to manage and showcase their IMDb profile, including selecting their primary images and the credits they are best “known for”; exclusive STARmeter rankings determined by page views on IMDb; the IMDbPro app for iPhone, iPad, and Android; IMDbPro Track, which empowers members to receive personalized entertainment industry news and notifications on the people and film and TV projects they want to follow; and a convenient feature that generates custom digital assets to promote their work on social media and other platforms. The IMDbPro free membership includes features for professionals to self-identify and manage the display of certain information about themselves and their careers on IMDb and IMDbPro and limited access to industry news, research, and cast and crew notices. IMDbPro is a division of IMDb, the world’s most popular and authoritative source for information on movies, TV shows, and celebrities. Industry professionals can join IMDbPro today at www.imdbpro.com. Follow IMDbPro on Facebook, Instagram, and Twitter.

About Sundance Institute

As a champion and curator of independent stories, the Sundance Institute provides and preserves the space for artists across storytelling media to create and thrive. Founded in 1981 by Robert Redford, the Institute’s signature Labs, granting, and mentorship programs, dedicated to developing new work, take place throughout the year in the U.S. and internationally. Sundance Collab, a digital community platform, brings a global cohort of working artists together to learn from each other and Sundance Advisors and connect in a creative space, developing and sharing works in progress. The Sundance Film Festival and other public programs connect audiences and artists to ignite new ideas, discover original voices, and build a community dedicated to independent storytelling. Sundance Institute has supported and showcased such projects as Summer of Soul (…or, When the Revolution Could Not Be Televised), CODA, Flee, Passing, Clemency, Never Rarely Sometimes Always, Zola, On the Record, Boys State, The Farewell, Honeyland, One Child Nation, The Souvenir, The Infiltrators, Sorry to Bother You, Won’t You Be My Neighbor?, Hereditary, Call Me By Your Name, Get Out, The Big Sick, Mudbound, Fruitvale Station, City So Real, Top of the Lake, Between the World & Me, Wild Goose Dreams and Fun Home. Join Sundance Institute on Facebook, Instagram, Twitter and YouTube.

About WIF

Founded in 1973 as Women In Film, Los Angeles, WIF is celebrating 50 years of working for gender equity. WIF’s advocacy, career programs, and research efforts are a driving force for increasing representation of women and people of underrepresented genders in Hollywood. WIF works to dismantle gender bias in the screen industries by building the pipeline, sustaining careers, and advocating for change. Membership is open to all screen industry professionals, and more information can be found on our website: wif.org. Follow WIF on Twitter, Instagram, Facebook, TikTok, and YouTube.

2022 – 2023 ReFrame Stamp – IMDbPro Top 200 Scripted TV Recipients

Listed in alphabetical order, below are the Stamped shows for the 2022-2023 season. TV shows that applied for the ReFrame Stamp as part of their production process are indicated with a *.

9-1-1 / FOX: Season 6

Poker Face / Peacock: Season 1

A Friend of the Family / Peacock: Season 1

Pretty Little Liars: Original Sin / Max: Season 1

A League of Their Own / Amazon: Season 1

*Queen Charlotte: A Bridgerton Story / Netflix: Season 1

A Small Light / Disney+, National Geographic Channel: Season 1

Reservation Dogs / Hulu: Season 2

Abbott Elementary / ABC: Season 2

Resident Evil / Netflix: Season 1

Alaska Daily / ABC: Season 1

Schmigadoon! / Apple TV+: Season 2

American Horror Stories / Hulu: Season 2

School Spirits / Paramount +: Season 1

*Anne Rice’s Mayfair Witches / AMC: Season 1

Servant / Apple TV+: Season 4

Bad Sisters / Apple TV+: Season 1

Sex/Life / Netflix: Season 2

Beef / Netflix: Season 1

Shadow and Bone / Netflix: Season 2

Blockbuster / Netflix: Season 1

She-Hulk: Attorney at Law / Disney +: Season 1

Daisy Jones and the Six / Amazon: Season 1

Swarm / Amazon: Season 1

Dead Ringers / Amazon: Season 1

Tales of the Walking Dead / AMC: Season 1

Dead to Me / Netflix: Season 3

Tell Me Lies / Hulu: Season 1

Devil in Ohio / Netflix: Season 1

That ’90s Show / Netflix: Season 1

Doom Patrol / Max: Season 4

The Bear / Hulu: Season 1

Echoes / Netflix: Season 1

The Company You Keep / ABC: Season 1

Evil / Paramount +: Season 3

The Diplomat / Netflix: Season 1

Extraordinary / Hulu: Season 1

The Handmaid’s Tale / Hulu: Season 5

Fatal Attraction / Paramount +: Season 1

The Imperfects / Netflix: Season 1

Firefly Lane / Netflix: Season 2

The Last Thing He Told Me / Apple TV+: Season 1

First Kill / Netflix: Season 1

The Lord of the Rings: The Rings of Power / Amazon: Season 1

Fleishman Is in Trouble / Hulu: Season 1

The Marvelous Mrs. Maisel / Amazon: Season 5

From Scratch / Netflix: Season 1

The Midnight Club / Netflix: Season 1

Ginny & Georgia / Netflix: Season 2

The Power / Amazon: Season 1

*Grey’s Anatomy / ABC: Season 19

The Resort / Peacock: Season 1

Heartbreak High / Netflix: Season 1

The Rookie: Feds / ABC: Season 1

In the Dark / The CW: Season 4

The Serpent Queen / Starz: Season 1

Industry / HBO: Season 2

The Sex Lives of College Girls / Max: Season 2

Inside Job / Netflix: Season 1.5

The Summer I Turned Pretty / Amazon: Season 1

Keep Breathing / Netflix: Season 1

The Witcher: Blood Origin / Netflix: Season 1

Locke & Key / Netflix: Season 3

Three Pines / Amazon: Season 1

Loot / Apple TV+: Season 1

Tiny Beautiful Things / Hulu: Season 1

Love & Death / Max: Season 1

Transatlantic / Netflix: Season 1

Lucky Hank / AMC: Season 1

Treason / Netflix: Season 1

Mike / Hulu: Season 1

True Lies / CBS: Season 1

Mrs. Davis / Peacock: Season 1

Vampire Academy / Peacock: Season 1

Ms. Marvel / Disney +: Season 1

Velma / Max: Season 1

National Treasure: Edge of History / Disney +: Season 1

Virgin River / Netflix: Season 4

Never Have I Ever / Netflix: Season 3

Warrior Nun / Netflix: Season 2

Night Court / NBC: Season 1

Wednesday / Netflix: Season 1

Not Dead Yet / ABC: Season 1

Welcome to Chippendales / Hulu: Season 1

Obsession / Netflix: Season 1

Westworld / HBO: Season 4

Only Murders in the Building / Hulu: Season 2

Willow / Disney+: Season 1

Paper Girls / Amazon: Season 1

Workin’ Moms / Netflix: Season 7

Partner Track / Netflix: Season 1

XO, Kitty / Netflix: Season 1

Perry Mason / HBO: Season 2

Yellowjackets / Showtime: Season 2

Additional Scripted Series outside of the Top 200 that applied for and received the ReFrame Stamp:

Skymed / Paramount+: Season 1

All American: Homecoming / The CW: Season 2

Station 19 / ABC: Season 6

Good Trouble / Freeform: Season 5

The L Word: Generation Q / Showtime: Season 3

Gordita Chronicles / Max: Season 1

The Ms. Pat Show / BET+: Season 3

Grease: Rise of the Pink Ladies / Paramount+: Season 1

The Watchful Eye / Freeform: Season 1

High School / Freevee: Season: 1

Unprisoned / Hulu: Season 1

Single Drunk Female / Freeform: Season 2

Up Here / Hulu: Season 1

 

IMDbPro: Lindsey Brown-McLravy, SLATE PR

[email protected]

ReFrame: Heather Rutman, WIF

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Women Entertainment LGBTQ+ Online Men Mobile Entertainment Other Entertainment General Entertainment TV and Radio Consumer

MEDIA:

Logo
Logo
Photo
Photo
IMDbPro and ReFrame, an initiative of Sundance Institute and Women in Film (WIF), today announced that 94 of the 200 most popular scripted series of the 2022-23 season have been awarded their ReFrame Stamp for gender-balanced hiring. (Graphic: Business Wire)
Photo
Photo
The ReFrame Report also includes a company report card, indicating the percentage of shows from each studio, streamer and network that met ReFrame Stamp criteria. Netflix, Disney and Amazon each saw year-over-year increases in the percentage of Stamped series in their lineup, while fewer series from Paramount, Warner Bros. Discovery, and Apple earned the Stamp. (Graphic: Business Wire)

Comcast to Participate in BofA Securities Investor Conference

Comcast to Participate in BofA Securities Investor Conference

PHILADELPHIA–(BUSINESS WIRE)–
Comcast Corporation (Nasdaq: CMCSA) announced that on Thursday, September 14, 2023, Mark Woodbury, Chairman and Chief Executive Officer of Universal Destinations & Experiences, will participate in the BofA Securities 2023 Media, Communications & Entertainment Conference.

A live webcast of the event will be available on the Company’s Investor Relations website at www.cmcsa.com on Thursday, September 14, 2023, at 11:20 A.M. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation.

To automatically receive Comcast financial news by e-mail, please visit www.cmcsa.com and subscribe to E-mail Alerts.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

Investor Contacts:

Marci Ryvicker (215) 286-4781

Jane Kearns (215) 286-4794

Marc Kaplan (215) 286-6527

Press Contacts:

Jennifer Khoury (215) 286-7408

John Demming (215) 286-8011

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Entertainment Carriers and Services Telecommunications Networks TV and Radio Internet Consumer Electronics

MEDIA:

Logo
Logo

Comcast to Participate in Goldman Sachs Investor Conference

Comcast to Participate in Goldman Sachs Investor Conference

PHILADELPHIA–(BUSINESS WIRE)–
On Wednesday, September 6, 2023, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation (Nasdaq: CMCSA), will participate in the Goldman Sachs Communacopia + Technology Conference.

A live webcast of the event will be available on the Company’s Investor Relations website at www.cmcsa.com on Wednesday, September 6, 2023, at 10:30 A.M. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation.

To automatically receive Comcast financial news by e-mail, please visit www.cmcsa.com and subscribe to E-mail Alerts.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

Investor Contacts:

Marci Ryvicker (215) 286-4781

Jane Kearns (215) 286-4794

Marc Kaplan (215) 286-6527

Press Contacts:

Jennifer Khoury (215) 286-7408

John Demming (215) 286-8011

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: VoIP Carriers and Services Mobile/Wireless Online Media Entertainment Technology General Entertainment TV and Radio Audio/Video Communications Telecommunications

MEDIA:

Logo
Logo

Employers eyeing enhancements to nonqualified retirement plans, WTW survey finds

Improving participant experience cited as top area of focus while investment options and risk mitigation strategies evolve

ARLINGTON, Va., Aug. 16, 2023 (GLOBE NEWSWIRE) — As part of the seemingly endless battle to attract and retain talent, U.S. employers are making enhancements to their nonqualified retirement plans for key executives and highly paid employees, according to a new survey by leading global advisory, broking and solutions company WTW (NASDAQ: WTW).  

The vast majority of large U.S. employers currently offer nonqualified retirement plans to executives and high-income earners. These plans allow for pre-tax deferral of compensation, employer contributions and/or compensation amounts that cannot be captured in the qualified plan due to IRS limits. Nonqualified plans are typically not subject to rules governed by the Employee Retirement Income Security Act.

“Employer interest in nonqualified retirement plans is at an all-time high. In fact, we have helped clients implement more new plans and redesign existing plans in the past two years than in prior years,” said Chris West, senior director, head of Dallas Retirement, and leader of WTW’s Nonqualified Plans Specialty Group. “While employers have been investing time and effort into their nonqualified plans, many recognize they aren’t getting or providing the value intended. As a result, employers are looking to improve the employee experience through more focused communication and education as part of their redesign strategy.”

The WTW Nonqualified Retirement Benefit Survey found over half of respondents (55%) either made changes to their nonqualified defined benefit (DB) retirement plans in the past two years or plan to make changes in the next two years. Even more (75%) changed their nonqualified defined contribution (DC) retirement plans in the past two years or plan to do so in the next two years. The majority of employers are focused on improving participant experience with their DC plans (72%) and DB plans (56%). DC plan sponsors cited communication (52%), education (47%) and financial counseling (28%) as their key focus over the next two years. 

Six in 10 (60%) DC respondents and nearly half (47%) of DB respondents indicate they informally fund their nonqualified plan by setting aside an asset, often held in a Rabbi Trust, to provide a source for disbursements and to mitigate risk. Mutual funds are now the most prevalent investment vehicle; 60% of respondents that fund their DC nonqualified plans utilize mutual funds, while 43% of respondents that fund their DB plans utilize mutual funds.

“There is an important link between plan design, investment strategy, and organizational capital and tax structure that affects the financial management of nonqualified retirement plans. We see that mutual funds have surpassed historical vehicles, such as corporate-owned life insurance, as being the most prevalent investment vehicle. An independent assessment of any existing funding or potential new funding should be performed to reduce frictional fees and to manage financial risk from these programs,” said Beth Ashmore, managing director, Retirement, WTW.

Other key findings from the survey include:

  • Sponsorship: More than half of respondents (56%) offer only a nonqualified DC retirement plan, while 35% sponsor both a nonqualified DC and DB plan.
  • Key objective: Attracting and retaining key talent was the top reason for offering a nonqualified retirement plan. More than one-third (37%) cited attraction and retention as the most important reason, while 25% ranked it the second most important.
  • Derisking: Nearly one in four respondents (23%) with a nonqualified DB plan either have conducted de-risking actions in their DB nonqualified plan or intend to conduct de-risking it in the future.

About the survey

A total of 396 U.S. employers that offer a nonqualified retirement plan participated in the WTW Nonqualified Retirement Benefit Survey, conducted during May and June 2023. Respondents employ 7.5 million workers and include for-profit and nonprofit organizations.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com. 



Media contacts
Ed Emerman: +1 609 240 2766
[email protected]

Ileana Feoli: +1 212 309 5504
[email protected]

SUPERIOR GROUP OF COMPANIES ANNOUCES PARTICIPATION IN 14th ANNUAL MIDWEST IDEAS INVESTOR CONFERENCE

ST. PETERSBURG, Fla., Aug. 16, 2023 (GLOBE NEWSWIRE) — Superior Group of Companies, Inc. (NASDAQ: SGC) today announced that Michael Benstock, Chief Executive Officer, and Michael Koempel, Chief Financial Officer, will participate in the 14th Annual Midwest IDEAS Investor Conference on Wednesday, August 23, 2023. Management will present at 5:00 pm Eastern Time, and host virtual one-on-one and small group meetings throughout the day. The presentation will be webcast, and can be accessed on the presentations page of the Company’s investor relations website at https://ir.superiorgroupofcompanies.com/presentations.

About Superior Group of Companies, Inc. (SGC):

Established in 1920, Superior Group of Companies is comprised of three attractive business segments each serving large, fragmented and growing addressable markets. Across Healthcare Apparel, Branded Products and Contact Centers, each segment enables businesses to create extraordinary brand engagement experiences for their customers and employees. SGC’s commitment to service, quality, advanced technology, and omnichannel commerce provides unparalleled competitive advantages. We are committed to enhancing shareholder value by continuing to pursue a combination of organic growth and strategic acquisitions. For more information visit www.superiorgroupofcompanies.com.



Contact:
Investor Relations
[email protected]

Flowserve Announces Quarterly Cash Dividend of $0.20 Per Share

Flowserve Announces Quarterly Cash Dividend of $0.20 Per Share

DALLAS–(BUSINESS WIRE)–
Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company’s outstanding shares of common stock.

The dividend is payable on October 6, 2023, to shareholders of record as of the close of business on September 22, 2023.

While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.20 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

Jay Roueche, Vice President, Investor Relations & Treasurer (972) 443-6560

Mike Mullin, Director, Investor Relations (214) 697-8568

Wes Warnock, Vice President, Corporate Communications (972) 443-6900

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Other Manufacturing Steel Engineering Chemicals/Plastics Utilities Oil/Gas Coal Manufacturing Energy

MEDIA:

Logo
Logo

Nano Dimension’s Chairman and CEO Issues Video Message About the Upcoming AGM Vote and Reveals the Actual Alternatives

See Video to Hear Directly From The Company’s Leader On What Is At Stake

Waltham, Mass., Aug. 16, 2023 (GLOBE NEWSWIRE) —  Nano Dimension Ltd. (Nasdaq: NNDM), (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, released a video in which Yoav Stern, Chairman and Chief Executive Officer of the Company, outlines what shareholders should know ahead of the Annual General Meeting (“AGM”) vote about Nano Dimension, including its strategy and future, while also revealing the alternatives with the Murchinson Ltd. backed slate.


Click here to watch the video via YouTu


b


e:


https://youtu.be/6isQSXd5OGU

Shareholders can also find the video and learn more about voting by visiting: www.ProtectingNanoValue.com

Nano Dimension’s Board of Directors urges shareholders to protect their investment and the future of the Company by voting today “FOR” ALL of Nano Dimension’s highly qualified nominees. The AGM will be held on Thursday, September 7th, 2023 at 8:00 a.m. ET. Shareholders of record as of the close of business on July 31st, 2023, are entitled to vote at the meeting. Votes must be received by 12:00 p.m. ET on August 31, 2023. Please follow the instructions on your voting instruction form as your broker may impose earlier voting cut-offs.


About Nano Dimension

Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices – on demand, anytime, anywhere.

Nano Dimension’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.

Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&
D
and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics manufacturing machines enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications – from millimeters to several centimeters in size with micron precision.

Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturin
g.
For more information, please visit 

www.nano-di.com

.

NANO DIMENSION INVESTOR RELATIONS CONTACT

Investor Relations[email protected]

NANO DIMENSION MEDIA CONTACTS

Kal Goldberg / Bryan Locke / Kelsey Markovich | [email protected]



Rackspace Technology Participates in VMware Explore to Showcase the Company’s Private Cloud Portfolio

For over 15 years, Rackspace Technology and VMware have worked together to empower the future of the cloud

SAN ANTONIO, Aug. 16, 2023 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end, multicloud solutions company, today announced its participation at VMware Explore, VMware’s flagship multicloud event held August 21-24 in Las Vegas. Event Attendees will have the opportunity to visit Rackspace at booth #509 to learn more about Rackspace Technology Software-Defined Data Center (SDDC) portfolio that includes Rackspace SDDC Enterprise, Rackspace SDDC Business, Rackspace SDDC Flex, and SDDC Everywhere. The Rackspace VMware offerings provide targeted solutions for organizations to bridge the gap between the cloud and data centers.

Rackspace Technology and VMware have been partnering for over 15 years to drive innovation for the benefit of our customers and provide a comprehensive range of services, including advisory, elastic engineering, and managed services, tailored to the specific requirements of our clients. Our cloud solutions empower to drive innovation, enhance operational efficiency, and accelerate time-to-market. ​

“Rackspace Technology and VMware work together to empower the future of the cloud,” said Adrianna Bustamante, Vice President Global Alliances and Channels Rackspace Technology. “Our partnership with VMware exemplifies our commitment to helping customers leverage next-gen technologies in combination with VMware solutions to lead the industry and transform their businesses.”

Rackspace will showcase our Private Cloud Portfolio at booth #509, including Rackspace Technology Software-Defined Data Center (SDDC), Rackspace SDDC Enterprise, Rackspace SDDC Business, Rackspace SDDC Flex, and SDDC Everywhere. The Rackspace VMware offerings provide targeted solutions for organizations to bridge the gap between the cloud and data centers.

As organizations move from internally managed data centers to the cloud, Rackspace Technology is uniquely positioned to help customers with their private cloud strategy and determine the best place for their workloads. The launch of Rackspace SDDC Solutions will allow Rackspace Technology to continue to put customers first through Private Cloud modernization and innovation.

By visiting Rackspace at booth #509, attendees can participate in a Data Center Tour Virtual Reality (VR) Experience, which gives attendees an exciting way to visit our Data Centers, including the lobby, server room, back of racks, inventory, and engineering. While in each room, attendees can look around in any direction and click on three Rackspace hotspots per area that will reveal brief facts about our DCs, Rackspace, and VMware. Prizes will be given for participating in the VR tour, ranging from Amazon Echo Dot 5th Generation, Apple AirTags, Stainless Water Bottles, Sunglasses, and Wooden Puzzles.

In addition, Amine Badaoui, Senior Technical Product Manager, will hold a 30-minute theater session on Tuesday, August 22nd,​ 12:45 PM – 1:15 PM PT​ Multi-Cloud ​Cut through the Noise to educate on how to get the right workload to the right cloud.


Rackspace VMware Expertise


Over the Rackspace VMware 15-plus year partnership, Rackspace has achieved the following with VMware:

  • Five-time winner of the VMware Partner of the Year Award,
  • Hosts over 100,000 Virtual Machines across VMC on AWS, Customer DCs, and Rackspace DCs
  • One of five Global Cloud Foundation Partners delivering the full SDDC as a service
  • Offering a complete portfolio including VMware Cloud, VMware Cloud Foundation as a service, VMware SDDC, VMware VRealize Suite, VMware SaaS, VMC on AWS, AVS and GCVE
  • Over 400 certifications with unmatched expertise with VMware and certified professionals for sales guidance and customer support

For more information about Rackspace Technology SDDC Enterprise, Business, Flex, and Anywhere click here.

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

Media Contact: Natalie Silva, [email protected]