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Month: January 2024

Smart Pills Market Set to Soar Past USD 12.39 billion by 2030

The global Smart Pills market size is expected to reach USD 12.39 billion by 2030 and exhibit a CAGR of 12.8% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing prevalence of chronic diseases, the need for non-invasive diagnostic and monitoring tools, advancements in microfabrication and wireless communication technologies, the rising aging population, and the demand for real-time health tracking and remote patient monitoring are fueling the market’s growth. Westford, USA, Jan. 30, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Smart Pills market, the increasing use of ingestible sensors for real-time patient monitoring, the development of multi-functional smart pills capable of diagnostic and therapeutic functions, the integration...

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Coastal Financial Corporation Announces Fourth Quarter and Fiscal Year 2023 Results

Fourth Quarter 2023 Highlights:Net income of $9.0 million, or $0.66 per diluted common share, for the three months ended December 31, 2023, compared to $10.3 million, or $0.75 per diluted common share for the three months ended September 30, 2023.Return on average assets (“ROA”) of 0.97% for the three months ended December 31, 2023. Return on average equity (“ROE”) of 12.35% for the three months ended December 31, 2023.Total assets increased $75.1 million, or 2.0%, to $3.75 billion for the quarter ended December 31, 2023, compared to $3.68 billion at September 30, 2023. Total loans, net of deferred fees increased $59.1 million, or 2.0%, to $3.03 billion for the quarter ended December 31, 2023.Community bank loans increased $45.5 million, or 2.5%, to $1.83 billion. CCBX loans increased $13.6 million, or...

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MERMEC and Hitachi Rail sign put option agreement for sale of signaling systems in France, Germany, and the UK

Mermec and Hitachi Rail sign put option agreement for sale of signaling systems in France, Germany, and the UKMermec and Hitachi Rail sign put option agreement for sale of signaling systems in France, Germany, and the UKStep forward towards the final acquisition of Thales GTS by the Group led by Giuseppe Marino ROME, Jan. 30, 2024 (GLOBE NEWSWIRE) — Hitachi Rail and MERMEC SpA have signed a put option agreement for the sale of mainline signaling activities in France and signaling companies in Germany and the United Kingdom. Last October, the European Commission and the UK’s Competition and Markets Authority (CMA) approved Hitachi Rail’s acquisition of Thales GTS, with the condition that Hitachi Rail divests its mainline signaling activities in France, Germany, and the UK. The put option agreement with MERMEC marks...

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MKS Instruments Recognized by TSMC for Outstanding Production Support

ANDOVER, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (Nasdaq: MKSI), a global provider of technologies that transform our world, was recognized for outstanding production support by Taiwan Semiconductor Manufacturing Company (TSMC) at their Supply Chain Management Forum.  “We are honored to be recognized for our efforts over the past year and proud to see our valuable partnership with TSMC highlighted in this way,” said John T.C. Lee, President and Chief Executive Officer at MKS. “Our organizations share a common goal to drive innovation through our cutting-edge research and technology, which is only possible through close collaboration and mutual support. We look forward to strengthening our relationship with TSMC further by making meaningful contributions to their continued success.” TSMC is the world’s...

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Endoscopy Devices Market Set to Soar Past USD 77.99 Billion by 2030

The global Endoscopy Devices market size is expected to reach USD 77.99 billion by 2030 and exhibit a CAGR of 7.6% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing aging population, increasing prevalence of gastrointestinal diseases, rising demand for minimally invasive procedures, expanding applications in various medical specialties, and the need for early diagnosis and treatment of diseases are fueling the market’s growth. Westford, USA, Jan. 30, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Endoscopy Devices market, the increasing use of artificial intelligence and machine learning for image interpretation, the development of disposable and single-use endoscopes for infection control, the adoption of telemedicine and remote monitoring...

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Adherence packaging market Size Worth USD 1,686.6 Million in 2032 | Emergen Research

High percentage of non-adherence to medication among patients is one of the key factors driving Adherence packaging market revenue growth Vancouver, Jan. 30, 2024 (GLOBE NEWSWIRE) — The global adherence packaging market size was USD 917.7 Million in 2022 and is expected to register a rapid revenue CAGR of 6.2% during the forecast period. High percentage of non-adherence to medication among patients is one of the key factors driving market revenue growth. Adherence packaging helps patients to take their medications on time and stay on track and improve health outcomes. Higher patient-physician discordance, which results in lower patient satisfaction, is one of the main causes of non-adherence. The percentage of non-adherence varies greatly; in various studies, it has been reported to range between 10% to 92%. About half of this...

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Cheetah Net Supply Chain Service Inc. Signs Definitive Agreement to Acquire Edward Transit Express Group Inc.

CHARLOTTE, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT) today announced that it has executed a definitive agreement and its amendment thereto (the “Agreement”) for the acquisition (the “Acquisition”) of Edward Transit Express Group Inc. (“Edward”), a California-based global inbound non-vessel operating common carrier specializing in ocean and air transportation services. This strategic move marks Cheetah’s inaugural investment in the logistics sector. The Acquisition is expected to close within 20 calendar days from the signing of the Agreement. Chairman and CEO Tony Liu commented, “[w]ith the Agreement now executed, we look forward to closing the Acquisition and to integrating Edward’s operations into Cheetah as soon as possible. We expect Edward’s...

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Mama’s Creations to Host Virtual Investor Day Presentation on Tuesday, February 13, 2024

Management to Provide Business & Financial Update on Key Operational Initiatives EAST RUTHERFORD, NJ, Jan. 30, 2024 (GLOBE NEWSWIRE) — Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that management will host a virtual investor day presentation at 1:00 p.m. Eastern time on Tuesday, February 13, 2024. Mama’s Creations Chairman & Chief Executive Officer Adam L. Michaels, Chief Financial Officer Anthony Gruber and Chief Marketing Officer Lauren Sella will provide a corporate update, discuss management’s go-forward strategy and conclude with a question-and-answer session. The full presentation will be available using the webcast link below. Virtual Investor Day PresentationDate: Tuesday, February 13, 2024Time: 1:00 p.m. Eastern timeToll...

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High Wire Networks Launches Pilot Project as Part of a $2.4 Billion, 10-Year Network Modernization Initiative

Program Secured with Channel Partner and National Wireless Network Operator for a Large U.S. Government Agency’s 4,000 Locations BATAVIA, Ill., Jan. 30, 2024 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has secured through one of its premier channel partners a major pilot project with a national wireless network operator for a large U.S. government agency. The project represents the initial phase of the operator’s $2.4 billion network modernization program for the agency’s 4,000 locations across the U.S. which is planned to be implemented over the next 10 years. The project has begun this week with High Wire conducting a network survey at its initially assigned secure locations. This will be followed by network upgrades at these locations,...

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OSS Brings AI Edge Compute Solutions to $5 Billion Motorsport Industry with Andretti Global

New Application of OSS High Performance Computing Technology to Power Race Analytics for Andretti Using Orquestra®, Zapata AI’s Industrial Generative AI Platform for the Cloud and EdgeOSS Gen 4 PCIe® SDS-3U GPU-Accelerated ServerOSS Gen 4 PCIe® SDS-3U GPU-Accelerated ServerESCONDIDO, Calif., and INDIANAPOLIS, Jan. 30, 2024 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (Nasdaq: OSS) has shipped to legendary motorsport champion, Andretti Global, its first AI Transportable compute system for the motorsport industry. An OSS SDS-3U GPU-accelerated server will power advanced AI race analytics for Andretti using Zapata AI’s Industrial Generative AI platform for the cloud and edge, Orquestra. The solution represents a new application of OSS technology and the company’s first foray into the $5.1 billion motorsport industry. Today’s...

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