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NASA Awards Contract for Infrared Telescope Facility Operations

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WASHINGTON, June 28, 2024 /PRNewswire/ — NASA has selected the University of Hawaii in Honolulu to maintain and operate the agency’s Infrared Telescope Facility (IRTF) on Mauna Kea in Hilo, Hawaii.

The Management and Operations of NASA’s IRTF is a hybrid firm-fixed-price contract with an indefinite-delivery/indefinite-quantity provision. The contract has a maximum potential value of approximately $85.5 million, with a base period of performance from Monday, July 1 to June 30, 2025. Nine optional periods, if exercised, would extend the contract through Dec. 31, 2033.

Under this contract, the University of Hawaii will provide maintenance and operation services for NASA at the telescope facility. The university will also develop and implement an operations strategy so that the facility can be used by the scientific community through peer-reviewed competition to assist NASA in achieving its goals in scientific discovery, mission support, and planetary defense.

For information about NASA and agency programs, visit:

https://www.nasa.gov

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SOURCE NASA

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WiMi Hologram Cloud Inc. to Hold Extraordinary General Meeting on March 25, 2025

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BEIJING, Feb. 24, 2025 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading AR services provider in China, today announced that it will (i) terminate the Deposit Agreement dated March 20, 2020, among the Company, JPMorgan Chase Bank N.A. (the “Depositary”), and the holders of American depositary shares (the “ADSs”) from time to time, effective April 2, 2025, and (ii) hold its extraordinary general meeting of shareholders (the “EGM”) at Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District, Beijing on March 25, 2025 at 9:00 a.m. Beijing Time. The Company’s board of directors has fixed February 24, 2025, as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the extraordinary general meeting or any adjournment or postponement thereof. Holders of the Company’s Class A ordinary shares (the “Class A ordinary shares”) and Class B ordinary shares (the “Class B ordinary shares”), par value US$0.0001 per share (collective, the “ordinary shares”) of record at the close of business on the Record Date are entitled to attend and vote at the EGM. Holders of American Depositary Shares (the “ADSs”) who wish to exercise their voting rights for the underlying Class B ordinary shares must act through JPMorgan Chase Bank, N.A., the depositary of the Company’s ADS program.

On or about February 24, 2025, the Depositary of the Company’s American depositary receipts (the “ADRs”), will distribute to all holders and beneficial owners of the Company’s ADRs a notification regarding the termination of ADR facility for the Company’s ADSs pursuant to the Deposit Agreement. The effective date of the termination of the Deposit Agreement will be April 2, 2025 (the “Effective Date”). On the Effective Date, holders of ADSs will have their ADSs automatically cancelled and would be entitled to receive the corresponding underlying Deposited Securities (the “Mandatory Exchange”) at a rate of two (2) Class B ordinary shares for each ADS cancelled, subject to further adjustment in accordance with the share consolidation (defined below) described below.

Subject to shareholder approval at the EGM and concurrent to the Mandatory Exchange, a consolidation of the Company’s Shares at a ratio of one (1) consolidated ordinary share for every twenty (20) existing ordinary share (the “share consolidation”).  If the share consolidation is approved, on the Effective Date, former ADS holders should expect to receive one (1) consolidated Class B ordinary share for every ten (10) ADS previously held.  If the share consolidation is not approved or delayed, on the Effective Date, former ADS holders should expect to receive two (2) existing Class B ordinary shares for every one (1) ADS previously held.

At the EGM, shareholders will be asked for vote on the following proposals:

(i)    With effect from 5 P.M. on April 2, 2025, Eastern time, (a) every twenty (20) Class A ordinary shares of a par value of US$0.0001 each in the Company’s issued and unissued share capital be and are hereby consolidated into one (1) Class A ordinary share (each a “consolidated Class A share”) of a par value of US$0.002, and such consolidated Class A shares shall have the same rights and subject to the same restrictions as the Class A ordinary shares as set out in the Company’s currently effective Second Amended and Restated Memorandum and Articles of Association (the “M&A”), (b) every twenty (20) Class B ordinary shares of a par value of US$0.0001 each in the Company’s issued and unissued share capital be and are hereby consolidated into one (1) Class B ordinary share (each a “consolidated Class B share”) of a par value of US$0.002, and such consolidated Class B shares shall have the same rights and subject to the same restrictions as the Class B ordinary shares as set out in the Company’s M&A, and (c) every twenty (20) undesignated shares of a par value of US$0.0001 each in the Company’s unissued share capital be and are hereby consolidated into one (1) share of a par value of US$0.002 (collectively, the “share consolidation”), such that immediately following the share consolidation, the authorized share capital of the Company shall be changed

FROM 

US$50,000 divided into 500,000,000 shares comprising (i) 25,000,000 Class A ordinary shares of a par value of US$0.0001 each; (ii) 275,000,000 Class B ordinary shares of a par value of US$0.0001 each; and (iii) 200,000,000 shares of a par value of US$0.0001 each of such class or classes (however designated) as the board of directors may determine;

TO

US$50,000 divided into 25,000,000 shares comprising (i) 1,250,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 13,750,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 10,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine, and no fractional shares be issued in connection with the share consolidation and the Company’s transfer agent would aggregate all fractional shares and sell them as soon as practicable after the effective time of the share consolidation at the then-prevailing prices on the open market, on behalf of those shareholders who would otherwise be entitled to receive a fractional share as a result of the share consolidation.

(ii)    Immediately following the share consolidation, the authorized share capital of the Company be increased

FROM US$50,000 divided into 25,000,000 shares comprising (i) 1,250,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 13,750,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 10,000,000 shares with a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine.

TO US$1,500,000 divided into 750,000,000 shares comprising (i) 37,500,000 Class A ordinary shares of a par value of US$0.002 each; (ii) 412,500,000 Class B ordinary shares of a par value of US$0.002 each; and (iii) 300,000,000 shares with a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine.

(the “share capital increase”.)

(iii)    any one or more of Directors of the Company be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the share consolidation and share capital increase and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements for the share consolidation and share capital increase; the Company’s registered office provider be instructed to make all necessary filings with the Companies Registry in the Cayman Islands in connection with the share consolidation and share capital increase; and the Company’s share registrar be instructed to update the register of members of the Company and that upon the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any Director be instructed to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly.

Shareholders and ADS holders may obtain a copy of the Company’s annual report, free of charge, from the Company’s website at http://ir.wimiar.com/ and from the SEC’s website at www.sec.gov, or by contacting WiMi Hologram Cloud Inc., Room#1508, 4th Building, Zhubang 2000 Business Center, No. 97, Balizhuang Xili, Chaoyang District , telephone: +86-10-5338-4913, email: Pr@wimiar.com 

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ:WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

For more information, please visit http://ir.wimiar.com/

 

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SOURCE WiMi Hologram Cloud Inc.

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KBR Appoints Lead Independent Director

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HOUSTON, Feb. 24, 2025 /PRNewswire/ — KBR, Inc. (NYSE: KBR) announced today that the independent directors of the KBR Board have unanimously elected Lt. General Wendy M. Masiello as Lead Independent Director, effective as of KBR’s 2025 annual meeting of stockholders to be held in May 2025.

Lt. General Masiello has served on KBR’s Board of Directors since August 2017, including as the current Chair of the Cybersecurity Committee and a member of the Compensation Committee and Sustainability & Corporate Responsibility Committee. A three-star General of the U.S. Air Force, Lt. General Masiello brings a wealth of relevant experience and a deep understanding of KBR’s strategic vision and operations.

“One of KBR’s greatest strengths is an experienced and highly committed Board of Directors,” said KBR Chair, General Lester L. Lyles. “The appointment of Lt. General Masiello as lead independent director reflects a thorough and thoughtful process by the Board, who strongly believe that her leadership capabilities, deep operations experience, and accomplished government career make her highly qualified to serve in this important role. Wendy has provided valuable insights and guidance as an independent director since joining our Board, and she has excelled in every capacity just as I personally observed throughout her leadership positions in the Air Force. I am thrilled she will bring her expertise to us in this new role. We thank her for accepting this responsibility to lead and provide independent oversight.”

“I am honored to have received the support of KBR’s Board and am excited to partner with fellow directors and management as we continue on our path of delivering profitable growth and accelerating shareholder value,” said Lt. General Masiello. “I would like to thank the Board for their trust in me to lead in an expanded way.”

As part of the Board leadership transition, the Board also enhanced the Lead Independent Director duties, which are set forth in the Company’s Corporate Governance Guidelines, available at www.kbr.com/who-we-are/our-company/corporate-governance.

About Lt. General Wendy M. Masiello

Lt. General Masiello is a retired three-star General of the U.S. Air Force and an independent consultant. Prior to her retirement, Lt. General Masiello served as Director of the Defense Contract Management Agency maximizing a $1.4 billion budget to manage and motivate a global workforce of 12,000 to ensure 20,000 contractors delivered on 340,000 Defense and Federal contracts valued at $6 trillion. During her 36-year career, Lt. General Masiello also shaped Air Force contracting policy and its 11,000 persons as Deputy Assistant Secretary (Contracting), Office of the Assistant Secretary of the Air Force for Acquisition, and prior to that led the Air Force’s $65 billion Service Acquisition portfolio as its Program Executive Officer. She also led contracting support for U.S. military forces in Iraq and Afghanistan from July 2005 to January 2006. Lt. General Masiello’s medals and commendations include the Defense Superior Service Medal, Distinguished Service Medal, and Bronze Star.

Lt. General Masiello is also an independent board director for StandardAero (NYSE: SARO), where she serves as a member of its Audit Committee, for EURPAC Service, Inc., where she serves as a member of its Compensation and IT committees, for Tlingit Haida Tribal Business Corporation, and for MRIGlobal, where she serves on its Board of Trustees and Audit and Compensation and HR committees. Her not-for-profit work includes Board of Directors for the Procurement Round Table and Board of Directors and Executive Committee for the National Board of Rebuilding Together. She advises the Department of Defense as a member of the Acquisition Innovation and Research Center Advisory Panel and U.S. Air Force as a member of the Air Force Studies Board of the National Academy of Sciences. Lt. General Masiello previously served as Board Chair for the National Contract Management Association.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com 

For further information, please contact:

Investors
Jamie DuBray
Vice President, Investor Relations
713-753-2133
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications
713-753-3800
Mediarelations@kbr.com

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SOURCE KBR, Inc.

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Resideo To Participate at Upcoming Investor Conferences

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SCOTTSDALE, Ariz., Feb. 24, 2025 /PRNewswire/ — Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets, today announced that it is scheduled to participate at the following investor conferences.

46th Annual Raymond James Institutional Investor Conference in Orlando, Florida on Monday, March 3, 2025. Michael Carlet, Resideo’s Chief Financial Officer, and Robert Aarnes, President of Resideo’s ADI Global Distribution business segment, will participate in a fireside chat starting at 8:40AM ET.

Morgan Stanley Technology, Media & Telecom Conference in San Francisco, California on Tuesday, March 4, 2025. Thomas Surran, President of Resideo’s Products and Solutions business segment, and Christopher T. Lee, Resideo’s Global Head of Investor Relations, will participate in a fireside chat starting at 1:05PM PT.

JP Morgan 2025 Industrials Conference in New York, NY on Thursday, March 13, 2025. Michael Carlet, Resideo’s Chief Financial Officer, will participate in a fireside chat starting at 11:15AM ET.

The fireside chats will be webcast live and available for replay on the Investor Relations page of the Resideo website at investor.resideo.com and archived on the Investor Relations page for a period of 30 days.

About Resideo

Resideo is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets. We are a leader in the home heating, ventilation, and air conditioning controls markets, smoke and carbon monoxide detection home safety and fire suppression products markets, and security products markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions new devices sold annually. For more information about Resideo and our trusted, well-established brands including First Alert, Honeywell Home, BRK, Control4, and others, visit www.resideo.com.

Contacts:

Investors:

Media:

Christopher T. Lee

Garrett Terry

Global Head of Investor Relations

Corporate Communications Manager

investorrelations@resideo.com

 garrett.terry@resideo.com

 

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SOURCE Resideo Technologies, Inc.

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