Day: May 23, 2024

Vilnius CHP biomass unit has reached full COD

Written by Customer Service on . Posted in Public Companies.

AB “Ignitis grupė” (hereinafter – the Group) informs that its subsidiary Vilniaus Kogeneracinė Jėgainė (hereinafter – Vilnius CHP) has completed the construction project because all the necessary documents and permits were received to commence the operations of Vilnius CHP at full capacity. As reported in the Group’s Integrated Annual Report 2023, in December 2023 Vilnius CHP biomass unit has reached a partial (149 MWth, 50 MWe) COD for generating heat and electricity, in May 2024 it received certificates from the National Energy Regulatory Council to use the equipment of the biomass unit at its full capacity of 170 MWth while on 23 May it received a permit to generate electricity at its full capacity of 71 MWe. This means that the Vilnius CHP construction project has been completed, including the completion of both biomass and waste-to-energy...

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Vilnius CHP biomass unit has reached full COD

Written by Customer Service on . Posted in Public Companies.

AB “Ignitis grupė” (hereinafter – the Group) informs that its subsidiary Vilniaus Kogeneracinė Jėgainė (hereinafter – Vilnius CHP) has completed the construction project because all the necessary documents and permits were received to commence the operations of Vilnius CHP at full capacity. As reported in the Group’s Integrated Annual Report 2023, in December 2023 Vilnius CHP biomass unit has reached a partial (149 MWth, 50 MWe) COD for generating heat and electricity, in May 2024 it received certificates from the National Energy Regulatory Council to use the equipment of the biomass unit at its full capacity of 170 MWth while on 23 May it received a permit to generate electricity at its full capacity of 71 MWe. This means that the Vilnius CHP construction project has been completed, including the completion of both biomass and waste-to-energy...

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Rise in Use of AI-based Tools Slated to Help Generative AI Market Surpass USD 165.49 Billion by 2031-end

Written by Customer Service on . Posted in Mergers And Acquisitions.

Westford,USA, May 23, 2024 (GLOBE NEWSWIRE) — Generative AI is a type of artificial intelligence capable of creating different types of content through prompts from users. Generative AI models to create text, images, videos, audio, and other synthetic data are gaining massive popularity around the world. The rising abundance of digital data to train generative AI models and extensive utilization of deep learning and neural networks are also promoting the demand for generative AI. The global generative AI market is segmented into component, end-use, industry vertical, and region. Download a detailed overview: https://www.skyquestt.com/sample-request/generative-ai-market Generative AI Software Takes Crown in Revenue Generation Generative AI software is the key component that brings in the most revenue for market players. High investments...

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Interim consolidated financial statement of Grigeo AB covering 3 months of 2024

Written by Customer Service on . Posted in Public Companies.

Over 3 months of 2024, Grigeo AB (the official name is currently being changed to AB “Grigeo Group”) company group (hereinafter – the Group), consisting of Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA, Grigeo Paper Packaging UAB, Grigeo Tissue UAB, Grigeo Hygiene UAB, Niedomickie Zakłady Papiernicze sp. z o.o and Energia Cieplna Niedomice sp. z o.o achieved the consolidated sales turnover of EUR 48.7 million. It is by EUR 5.4 million less than over respective period of 2023. Over the reporting period, the Group earned EUR 5.2 million profit before taxes, which is by EUR 4.4 million less than in the same period in 2023. Earnings before interest, taxes, depreciation, and amortization (EBITDA) of the Group, if compared with 3 months of 2023, decreased by...

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Actelis Networks Signs Binding Term Sheet to Acquire Quality Industrial Corporation and Expand Operations in Critical Energy Industry

Written by Customer Service on . Posted in Mergers And Acquisitions.

FREMONT, Calif., May 23, 2024 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”) a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced the signing of a binding term sheet to acquire between 61% to 75% of the issued and outstanding shares of Quality Industrial Corporation, a Nevada corporation (“QIND”) (OTC: QIND), subject to customary terms for closing. QIND, whose operations are based out of Dubai, United Arab Emirates (“UAE”), designs, manufactures and supplies solutions for the critical infrastructure industrial and energy sectors. Its operating business reported $11 million in revenue and $1.8 million in net income in 2023 and is projecting substantial growth in 2024. For the first quarter ending March 31, 2024, QIND’s revenues were...

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JSC ‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ unaudited financial information for the first three months of the year 2024

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

In the first three months of 2024, the net turnover was 378.2 thousand. euros, which is 4.9% less than in the first three months of the previous year, whereas profit before taxes was 29.8 thousand. euros – by 37.1 thousand. euros less compared to the corresponding period in 2023. JSC ‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ is one of the largest high-quality breeding bull semen producers and suppliers in Latvia. The second largest field of the Company’s basic economic activities is milk testing services. The Company also provides other breeding related services – consultations on issues of cattle breeding, feeding and keeping, evaluation of cow exterior, artificial insemination of cows, initial processing of the monitoring data. Valda Mālniece Member of the Management Board, Manager of the Financial and Accounting department...

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Companies aren’t complying with minimum wage requirements — why do they take the risk?

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

New MIT Sloan research reveals how misaligned incentive structures in the U.S. and U.K. contribute to minimum wage noncompliance. Penalties for noncompliance are low In the U.S., random inspections have found that as many as 40% of fast-food restaurants and 85% of garment industry employers were underpaying workers. Credit: Abscent84/iStock Cambridge, MA, May 23, 2024 (GLOBE NEWSWIRE) — Labor laws are meant to protect workers’ health and livelihoods. However, according to an April report from the Education & The Workforce Committee Democrats, the penalties companies face for violating the laws — including the minimum wage law — rarely match the severity of their offenses. In fact, according to Anna Stansbury, the Class of 1948 Career Development Assistant Professor at the MIT Sloan School of Management, it often makes...

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IVECO on the road with Metallica for the M72 Tour in Eur

Written by Customer Service on . Posted in Public Companies.

IVECO GROUP N.V. IVECO_SWay_Truck_Metallica_special_edition_1 IVECO GROUP N.V. IVECO_SWay_Truck_Metallica_special_edition_3 Turin, 23rd May 2024. IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, is delivering on its partnership with the legendary Metallica for the European leg of the band’s M72 World Tour. As Metallica gears up to thrill fans across Europe, IVECO is ready to support the tour through eco-friendly transport solutions, trucker engagement initiatives and projects for giving back to the local communities. The tour will stop in nine European cities from May to July: Munich, Milan, Vienna, Helsinki, Copenhagen, Oslo, Clisson, Warsaw and Madrid. The partnership was unveiled in November 2024 during the launch of IVECO’s renewed 2024...

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AvidXchange Announces Strategic Partnership and API Integration with MIP Fund Accounting by Community Brands to Transform Invoice-to-Pay Processes for Social Good Entities

Written by Customer Service on . Posted in Public Companies.

CHARLOTTE, N.C., May 23, 2024 (GLOBE NEWSWIRE) — AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands (“MIP”) in combination with a new invoice-to-pay application programming interface (API) integration. This partnership grants MIP – a leading cloud-based, SaaS fund accounting solution purpose-built for nonprofits and government organizations – the ability to market and offer AvidXchange as an AP automation solution to its 6,000 customers across the country. Through this partnership, AvidXchange offers MIP customers a more seamless and efficient way to process invoices and make payments, freeing up their time to focus on more strategic work...

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Sage & Mitratech Partner to Simplify Compliance with HR Advice Offering

Written by Customer Service on . Posted in Public Companies.

Sage accelerates customer value with HR Advice through Mitratech, enabling small businesses to manage workplace challenges with confidence ATLANTA, May 23, 2024 (GLOBE NEWSWIRE) — Sage, the leader in accounting, financial, HR and payroll technology for small and medium-sized businesses (SMBs), today announces a new partnership with Mitratech’s Mineral, a leading HR and compliance platform serving more than 1 million SMBs. This partnership brings Mitratech’s HR Advice offering to Sage HR customers, a comprehensive software solution tailored to the compliance needs of small businesses, allowing them to navigate ever-changing compliance regulations with confidence and ease. With HR Advice, Sage HR customers can stay compliant with state and federal laws, maintain employee job descriptions, create up-to-date employee handbooks, and...

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