Technology

Boeing Unveils Model to Show Best Routes to Zero Carbon Future

Published

2 years ago

July 18, 2022

FARNBOROUGH, United Kingdom, July 18, 2022 /PRNewswire/ — As the commercial aviation industry maps a path to net zero emissions, Boeing (NYSE: BA) today unveiled a new data modeling tool to show the most effective scenarios for reaching the destination by 2050. The model includes consultation with leading universities and will continue to be used with key stakeholders. The company also shared illustrative hydrogen and electric concepts that could power the future of flight.

“There are multiple ways to a future where aviation has zero climate impact. We created Cascade on a foundation of credible data and analytical models to allow users to explore various pathways to net-zero. We think this model will help our industry visualize, for the first time, the real climate impact of each solution, from beginning to end, and to inform the most probable and effective strategies,” said Boeing Chief Sustainability Officer Chris Raymond at the Farnborough International Airshow.

Raymond demonstrated Cascade, a data modeling tool Boeing created with consulting from leading universities. The tool appraises Boeing’s major paths to decarbonize aviation and their potential power to reduce emissions through:

Airplane fleet renewalRenewable energy sources such as sustainable fuel, hydrogen, electric propulsionOperational efficiency improvementsAdvanced technologies

The Cascade model assesses the full lifecycle impacts of renewable energy by accounting for the emissions required to produce, distribute and use alternative energy carriers such as hydrogen, electricity, and Sustainable Aviation Fuels (SAF). Boeing plans to utilize the Cascade tool with airline operators, industry partners, and policymakers to inform when, where, and how different fuel sources intersect with new airplane designs.

“We have to take a holistic view to decarbonization,” said Raymond. “And when we do that, it is clear that sustainable aviation fuel (SAF) is a necessary lever. We know it will take a ‘SAF and’ approach and not a ‘SAF or’ approach to achieving net-zero by 2050.”

As part of the ‘SAF and’ approach, Boeing continues to advance the safety and viability of other renewable energy sources and their use on aircraft. Since the mid-2000’s, Boeing has conducted six hydrogen technology demonstrations with crewed and uncrewed aircraft using hydrogen fuel cells and combustion engines. Last year, Boeing successfully tested a cryotank designed for space with the capacity to hold 16,000 gallons of liquid hydrogen or the energy equivalent of the Jet A fuel in a typical regional jet.

Aside from its work on hydrogen applications, Boeing has invested in electric-powered aircraft through its joint venture Wisk, which is working to bring to market the first all-electric, autonomous air taxi in the U.S. Wisk’s current all-electric, eVTOL aircraft – on display at the Farnborough Airshow — has conducted more than 1,600 successful test flights.

Informed by the company’s extensive evaluation and testing of alternative propulsion sources and its research partnerships, Boeing today also shared illustrative ‘Future Flight Concepts,’ depicting potential hybrid, electric and hydrogen-powered aircraft.

“Our common goal is to enable the societal benefits of air transportation while reaching zero climate impact on our planet. To make that a reality, we believe it is best to learn and share our findings broadly, based on a foundation of data, scientific research and collaboration, as we work together to decarbonize aviation,” said Brian Yutko, Boeing chief engineer and vice president of Sustainability and Future Mobility.

Learn more about Boeing’s sustainability commitments, partnerships and efforts in its recently released 2022 Sustainability Report and on Boeing’s sustainability website.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact
Lisa Maull
Global Enterprise Sustainability
+314-614-4583
lisa.a.maull@boeing.com

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SOURCE Boeing

Technology

INTOUCH INSIGHT ANNOUNCES Q3 2024 FINANCIAL RESULTS

Published

27 minutes ago

November 21, 2024

OTTAWA, ON, Nov. 21, 2024 /CNW/ – Intouch Insight Ltd, (“Intouch” or “the Company”) (TSXV: INX) (OTCQX: INXSF) a leader in customer experience measurement solutions, today announced financial results for the quarter ended September 30, 2024.

Key highlights for Q3 2024

Revenue increased 18% to $6,656,664 compared to $5,634,594 in Q3 2023.Recurring services revenue increased 23% to $5,761,966 from $4,678,154 the prior year Q3.Gross margin increased to 48.2% from 41.7% in Q2 2024 due to the shift in product mix.SaaS revenues grew 9% organically.Operating expenses have grown 7% compared to prior year’s Q3 as acquisition integration efforts continue.Adjusted EBITDA remained positive increasing to $575,889 compared to $296,515 in Q2, 2024 and $509,762 in prior year Q3.

“Our financials illustrate that Intouch is a growing, profitable and financially self-sufficient business. Sales and marketing efforts are building on our thought leadership and improving brand recognition, particularly in the key target market segments of Quick Serve Restaurants and Petro Convenience, as evidenced by recent mainstage speaking invitations for four industry events,” said Cameron Watt, President & Chief Executive Officer of the Company.

“This year will mark the second year in a row with revenues over $25 Million and we expect growth to continue well beyond this level into the future,” said Watt.

Consolidated Statements of Operations

Q3 2024

Q3 2023

Revenue

$ 6,656,664

$ 5,634,594

Cost of services

3,445,180

2,719,682

Gross margin

3,211,484

2,914,912

Total operating expenses

2,844,721

2,656,381

Income from operating activities

366,763

258,531

Non-operating (expenses) income

87,297

(83,076)

Income tax recovery (expense)

–

Net income (loss)

$ 454,060

$ 175,455

About Intouch Insight

Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release contain forward looking statements that are made of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, including the acquisition, future revenues and references to the Company’s expansion and growth of the business and operations, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

Technology

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Published

27 minutes ago

November 21, 2024

HUNTINGTON BEACH, Calif., Nov. 21, 2024 /PRNewswire/ — Beacon Healthcare Systems, is pleased to announce the appointment of Ayman Mohamed as its new Chief Technology Officer, effective November 18, signaling a new direction in innovation and technology leadership. With over 20 years of senior leadership, strategic, and operational product management experience, Ayman brings a wealth of knowledge and expertise to the role.

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Ayman Mohamed is a seasoned technology leader with a proven track record of launching innovative products in new and existing markets, generating significant revenue streams, and creating profitable enterprises. His passion for building high-quality products and commitment to servant leadership have earned him a reputation for building trust and fostering collaborative, high-performing teams.

Throughout his career, Ayman has demonstrated a deep understanding of software architecture and broad hands-on technical skills. He has successfully helped organizations succeed, with experience spanning startups and larger companies in the San Francisco Bay and Washington DC metro areas. In his new role at Beacon Healthcare Systems, Ayman will lead engineering and delivery teams, develop a product roadmap, and lead technology development, testing, and implementation efforts.

“We are thrilled to have Ayman join Beacon Healthcare Systems at this pivotal time. Our vision is to harness cutting-edge technologies to enhance our products, implementations, and continue to give our clients the level of quality they expect,” said Todd Petersen, CEO.

Ayman Mohamed’s previous roles include leadership positions at Amazon Web Services, American Well, Avizia, Intersections Inc, Zumetrics, Moasis Global, and Ultra Zoom Technologies. His strategic and operational skills, combined with his ability to thrive in dynamic environments and his bias for action, make him an invaluable asset to Beacon Healthcare Systems.

About Beacon Healthcare Systems. Beacon Healthcare Systems streamlines the business of healthcare through reliable innovative SaaS technology delivered by industry experts. With a focus on appeals and grievances, compliance, and analytics, Beacon HCS is the first place health plans turn when looking for a trusted, experienced partner that can help them reduce costs, grow revenue, and achieve their strategic goals. Founded in 2011, Beacon HCS is a privately held California-based company. Visit our website at www.beaconhcs.com

Media Contact: 9048744189 | Dkroog@beacon@beaconhcs.com

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SOURCE Beacon Healthcare Systems

Technology

NASA Awards Test Operations Contract

Published

27 minutes ago

November 21, 2024

WASHINGTON, Nov. 21, 2024 /PRNewswire/ — NASA has selected Sierra Lobo, Inc. of Fremont, Ohio, to provide for test operations, test support, and technical system maintenance activities at NASA’s Stennis Space Center near Bay St. Louis, Mississippi.

The NASA Stennis Test Operations Contract is fixed-price, level-of-effort contract that has a value of approximately $47 million. The performance period begins July 1, 2025, and extends three years, with a one-year base period and two one-year option periods.

The contract will provide test operations support for customers in the NASA Stennis test complex. It also will cover the operation and technical systems maintenance of the high-pressure industrial water, high-pressure gas, and cryogenic propellant storage support areas, as well as providing welding, fabrication, machining, and component processing capabilities.

NASA Stennis is the nation’s largest propulsion test site, with infrastructure to support projects ranging from component and subscale testing to large engine hot fires. Researchers from NASA, other government agencies, and private industry utilize NASA Stennis test facilities for technology and propulsion research and developmental projects.

For information about NASA and other agency programs, visit:

https://www.nasa.gov

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SOURCE NASA