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Day: May 20, 2024

VEON’s Banglalink and Robi Axiata Partner to Explore Network Sharing to Expand 4G Access in Bangladesh

Banglalink and Robi AxiataThe MoU was signed during a ceremony which marked World Telecommunication and Information Society Day in Bangladesh, attended by Zunaid Ahmed Palak, the Minister of State for Posts, Telecommunications and Information Technology, and Engineer Md Mohiuddin Ahmed, Chairman of the BTRC as well as the officials of Banglalink and Robi.Amsterdam and Dhaka, 20 May 2024: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its digital operator in Bangladesh, has signed a Memorandum of Understanding (MoU) with Robi, second largest mobile operator in the Bangladesh and a subsidiary of Axiata Group, to explore potential sharing and optimization of network resources, aiming to expand 4G coverage and enhance...

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Li Auto Inc. Announces Unaudited First Quarter 2024 Financial Results

Quarterly total revenues reached RMB25.6 billion (US$3.6 billion)1Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase.    2024 Q1   2023 Q4   2023 Q3   2023 Q2Deliveries   80,400   131,805   105,108   86,533                     2023 Q1   2022 Q4   2022 Q3   2022 Q2Deliveries   52,584   46,319   26,524   28,687  As of March 31, 2024, in China, the Company had 474 retail stores in 142 cities, 356 servicing centers...

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EHang Reports First Quarter 2024 Unaudited Financial Results

Quarterly Revenues Increased by 178.0% YoY Achieved Positive Operating Cash Flow for the Second Consecutive Quarter Secured Production Certificate from CAAC, Clearing Path for Mass Production of EH216-S Growing Orders and Deliveries Boosted by Low-Altitude Economy Industry in China Partnered with GBT for Ultra-Fast/eXtreme Fast Charging Batteries Partnered with GAC to Strengthen Capability for Future Production Expanded International Partnership and Demo Flights in UAE, Spain, Costa Rica and JapanGUANGZHOU, China, May 20, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2024. Financial and Operational Highlights for the First...

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Start of construction work on the Uus-Kindrali

Start of construction work on the Uus-Kindrali Pro Kapital has started the construction of the next phase of the Kindrali Houses project in Tallinn Kristiine City. The building at Talli 3/Sammu 8, which is part of the Uus-Kindrali project, will comprise 90 apartments and one commercial unit. The new phase of Kindrali Houses will consist of a 7-storey building with 1-5 bedroom apartments. To date, 31% of the apartments have already been pre-sold, which was the incentive to start construction work. Uus-Kindrali, with its modern and Scandinavian architecture, will be built in Kristiine City and will be framed by a tree-lined avenue and Brooklyn-style high ground floor homes and commercial space opening directly onto the street. On the other side, between the buildings is a spacious and private courtyard with fruit trees, berry bushes,...

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Start of construction work on the Uus-Kindrali

  Start of construction work on the Uus-Kindrali Pro Kapital has started the construction of the next phase of the Kindrali Houses project in Tallinn Kristiine City. The building at Talli 3/Sammu 8, which is part of the Uus-Kindrali project, will comprise 90 apartments and one commercial unit. The new phase of Kindrali Houses will consist of a 7-storey building with 1-5 bedroom apartments. To date, 31% of the apartments have already been pre-sold, which was the incentive to start construction work. Uus-Kindrali, with its modern and Scandinavian architecture, will be built in Kristiine City and will be framed by a tree-lined avenue and Brooklyn-style high ground floor homes and commercial space opening directly onto the street. On the other side, between the buildings is a spacious and private courtyard with fruit trees, berry bushes,...

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Niu Technologies Announces Unaudited First Quarter 2024 Financial Results

— First Quarter Revenues of RMB 504.7 million, an increase of 21.0% year-over-year — First Quarter Net Loss of RMB 54.8 million, compared to Net Loss of RMB 60.3 million in the same period of last year BEIJING, May 20, 2024 (GLOBE NEWSWIRE) — Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial HighlightsRevenues were RMB 504.7 million, an increase of 21.0% year-over-year Gross margin was 18.9%, compared with 21.7% in the first quarter of 2023 Net loss was RMB 54.8 million, compared with net loss of RMB 60.3 million in the first quarter of 2023 Adjusted net loss (non-GAAP)1 was RMB 48.5 million, compared with adjusted net loss...

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Vaisala selected to deliver 18 weather radars to the State Meteorological Agency of Spain

Vaisala weather radar WRM200Vaisala weather radar WRM200VaisalaPress release May 20, 2024 Vaisala selected to deliver 18 weather radars to the State Meteorological Agency of Spain The new radars enhance the accuracy of weather data in Spain and the capability to predict extreme weather events, such as severe storms, in Southern Europe. The value of the project is approximately EUR 25 million, making it the largest-ever order for Vaisala. Vaisala, a global leader in measurement technology, has won the tendering of delivering a new weather radar system to the Spanish State Meteorological Agency (AEMET), which is an organization under the Ministry of Environment of the country (MITECO). The value of the project is approximately EUR 25 million, making it the largest single order for Vaisala ever. The contract will be signed after...

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Advantest to Exhibit Latest Test Solutions at SEMICON Southeast Asia, May 28-30

TOKYO, May 20, 2024 (GLOBE NEWSWIRE) — Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) will feature its latest test solutions at SEMICON Southeast Asia 2024 on May 28-30 at the Malaysia International Trade and Exhibition Centre (MITEC) in Kuala Lumpur, Malaysia. Advantest is a gold sponsor of this year’s event. Advantest will be celebrating its 70th anniversary this year. Under the theme of “Facing the Future Together,” Advantest will honor this important milestone with valued customers and industry partners at SEMICON Southeast Asia 2024. Product HighlightsIn Hall 3 booth #1008, Advantest will exhibit a broad range of test solutions that enable critical applications like high-performance computing (HPC), AI, automotive, and 5G/IoT. Advantest’s digital display will include: Test Platforms and HandlersNEW:...

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Quadient Positioned as Leader in 2024 SPARK Matrix for Accounts Receivable Applications for Third Consecutive Year

Spark_matrix_accounts_receivable_applications_2024_QuadientImage of Spark Matrix for AR 2024, Quadrant Knowledge SolutionsQuadient AR solution lauded for comprehensive functional capabilities, strong customer value proposition and high ratings for customer impact and technology excellenceQuadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, today announced that for the third year in a row it has been named a Technology Leader in the 2024 SPARK Matrix™: Accounts Receivable Applications by independent analyst firm Quadrant Knowledge Solutions. SPARK Matrix reports provide detailed analysis of global market dynamics, major trends, vendor landscapes and competitive positioning. Quadient offers an intelligent set of integrated cloud solutions...

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The subscription period for the warrants of series TO7 starts today, May 20, 2024

Today, May 20, 2024, marks the commencement of the exercise period for subscription of warrants of series TO7 in Terranet AB (publ) (”Terranet” or the” Company”). The exercise period for warrants of series TO7 runs up until and including June 3, 2024. Each warrant gives the right to subscribe for one (1) new share of series B in the Company to the price of SEK 0.073 per share. The invested amount must be rounded up to two decimal places. For the warrants not to expire without value, the owner must actively subscribe for new shares no later than June 3, 2024, alternatively sell their warrants no later than May 29, 2024. Please observe that certain nominees might close their application period earlier than June 3, 2024. The letter to holders of warrants of series TO7 is available on the Company’s website www.terranet.se. Summarized...

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