Connect with us

Technology

Hexagon Interim Report 1 January – 30 September 2024

Published

on

STOCKHOLM, Oct. 25, 2024 /PRNewswire/ —

Third quarter 2024

-2 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)Net sales decreased by -4 per cent to 1,299.8 MEUR (1,352.1)Net sales including the reduction of acquired deferred revenue amounted to 1,299.8 MEUR (1,349.8)Adjusted gross margin of 67.1 per cent (65.5)Adjusted operating earnings (EBIT1) decreased by -4 per cent to 376.6 MEUR (393.0)Adjusted operating margin amounted to 29.0 per cent (29.1)Earnings per share, excluding adjustments, amounted to 10.1 Euro cent (10.6)Earnings per share, including adjustments, amounted to 8.8 Euro cent (3.1)Operating cash flow before non-recurring items increased to 165.9 MEUR (146.5)Cash conversion amounted to 70 per cent (64)Recurring revenue increased by 7 per cent and amounted to 564.9 MEUR (530.2)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations and Business Analyst, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 25 October 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—30-september-2024,c4056203

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/hexagon-interim-report-1-january—30-september-2024-302287027.html

SOURCE Hexagon

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

AAON Awarded Liquid Cooling Data Center Orders Totaling Approximately $174.5 Million

Published

on

By

TULSA, Okla., Oct. 25, 2024 /PRNewswire/ — AAON, Inc. (NASDAQ: AAON) (including its affiliates, “AAON” or the “Company”), a leader in high-performing, energy-efficient HVAC solutions that bring long-term value to customers and owners, announces it was recently awarded orders from one data center customer that approximately totaled $174.5 million.  Under these orders, AAON will provide a custom-designed thermal management system supporting a liquid cooling deployment for the customer’s data centers.  The equipment will be manufactured under our BASX brand in our existing and newly constructed facilities at our Longview, Texas location and is expected to mostly be produced and delivered in the first half of 2025.  The construction of the new facility is on schedule to be completed by the end of this year and the Company has already begun staffing, training and setting up the operations in preparation for production to commence in early 2025.

“These significant orders highlight AAON’s superior engineering and manufacturing capabilities, advanced technology, and expertise in the data center cooling market,” said Matt Tobolski, AAON President and COO, “Since BASX joined AAON in 2021, we have strengthened our collective position as leaders in this rapidly growing market.  Capitalizing on this highly innovative liquid cooling solution reflects our leadership, engineering proficiencies and ability to provide customer-centric, industry-leading solutions for the market.  It showcases the solution-minded approach of our team and the strong value we provide to crafting unique, efficient data center solutions.”     

“Being awarded these orders is an exciting milestone for us,” said Gary Fields, AAON CEO, “Selecting AAON for this innovative solution over any of our peers is a testament to our superior, fully-custom engineering solutions that are unmatched in the industry.  It also highlights our commitment towards investing in production capacity to supply this high-growth market.  Within our current footprint, including the new facility in Texas, we have a considerable amount of excess capacity.  At the same time, we are focused on investing in new incremental capacity.  This underscores our confidence in our data center customer relationships as well as the underlying fundamentals in the data center market in what we view will be a multi-year growth cycle.  We view these orders as a fraction of a much larger pipeline of opportunity in which we are committed to capitalizing on,” Mr. Fields concluded.

About AAON
Founded in 1988, AAON is a world leader in HVAC solutions for commercial and industrial indoor environments. The Company’s industry-leading approach to designing and manufacturing highly configurable equipment to meet exact needs creates a premier ownership experience with greater efficiency, performance and long-term value. AAON is headquartered in Tulsa, Oklahoma, where its world-class innovation center and testing lab allows AAON engineers to continuously push boundaries and advance the industry. For more information, please visit www.AAON.com.

About BASX
BASX, a wholly owned subsidiary of AAON, is an industry leader in the manufacturing of high efficiency data center cooling solutions, cleanroom systems, custom HVAC systems and modular solutions. For the past 40 years, the BASX team has been recognized as leaders in the development of industry-changing innovation such as changes in the way fans are applied in modern air handling systems. Our team has a steadfast commitment to customer service and delivering on our promises while providing the highest quality products throughout the world. BASX’ state-of-the-art manufacturing facility is located in Redmond, Oregon.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “should”, “will”, and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause results to differ materially from those in the forward-looking statements include (1) the timing and extent of changes in raw material and component prices, (2) the effects of fluctuations in the commercial/industrial new construction market, (3) the timing and extent of changes in interest rates, as well as other competitive factors during the year, and (4) general economic, market or business conditions.

Contact Information
Joseph Mondillo
Director of Investor Relations
Phone (617) 877-6346
Email: joseph.mondillo@aaon.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/aaon-awarded-liquid-cooling-data-center-orders-totaling-approximately-174-5-million-302286999.html

SOURCE AAON

Continue Reading

Technology

Terry Bryant Accident & Injury Law’s Thanksgiving Giveaway 2024

Published

on

By

Spread the Holiday Cheer with Terry Bryant!

HOUSTON, Oct. 25, 2024 /PRNewswire/ — In the spirit of Thanksgiving, Terry Bryant Accident & Injury Law is excited to announce its Thanksgiving Gift Card Giveaway. To show gratitude to the community that has supported the firm throughout the years, the firm will be giving away twenty $200 gift cards to residents across Texas.

The Thanksgiving Gift Card Giveaway aims to provide support to Texas residents during the holiday season. As the cost of living rises and many families face financial challenges, Terry Bryant Accident & Injury Law hopes this gesture will ease some of the burden and allow recipients to enjoy a memorable Thanksgiving meal with their loved ones. The firm recognizes the importance of community and is committed to giving back in meaningful ways.

“At Terry Bryant Accident & Injury Law, we are grateful for our clients, our families, and the vibrant communities we serve,” said lead attorney Terry Bryant. “Thanksgiving is the perfect time to give back and help families enjoy a special holiday meal.”

How to Enter:

Simply fill out the entry form on this page by 10 a.m. CST on Nov. 19, 2024, for your chance to win.Winners will be randomly selected and announced by Nov. 22, 2024, just in time to purchase everything you need for the perfect Thanksgiving feast.

Giveaway Details:

You must be at least 18 years old to enter.One entry per person; one winner per household.A valid email address and phone number are required.Winners will be notified directly by the firm using the contact information provided upon entry.

Whether you’re debating between pumpkin and apple pie or stocking up on Thanksgiving essentials, Terry Bryant Accident & Injury Law wants to make your holiday special.

About Terry Bryant Accident & Injury Law
Terry Bryant Accident & Injury Law started in 1985 with Terry Bryant, a former judge who knows the Texas legal system. He had one goal: to help people who have been seriously injured; he and his team have been there for many victims through the years. As the firm grew, so did the number of attorneys and support staff. We offer our clients free initial consultations so they can discuss their cases freely without the burden of legal fees. Our friendly staff is always ready to assist you with any inquiries, so contact us at (713) 973-8888 to get the help you need.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/terry-bryant-accident–injury-laws-thanksgiving-giveaway-2024-302286731.html

SOURCE Terry Bryant Accident & Injury Law

Continue Reading

Technology

Fibocom Recognized as the Winner of 2024 Mobile Breakthrough Awards for Innovation in 5G RedCap

Published

on

By

SHENZHEN, China, Oct. 25, 2024 /PRNewswire/ — Fibocom (Stock code: 300638), a global leading provider of IoT (Internet of Things) wireless solutions and wireless communication modules, today announces that the 5G RedCap module FG132 has been awarded as the “Embedded Wireless Solution of the Year” in 2024 Mobile Breakthrough Award. The prestigious international awards program honors top mobile and wireless companies and solutions around the globe, Fibocom’s innovative, high-performance 5G RedCap (Reduced Capability) module equipped with the latest antenna design and power utilization technologies is honored to be selected as the winner through thousands of nominations from over 15 countries, marking the third consecutive win in this program.

“The FG132 module is a perfect fit for applications requiring reliable and efficient data transmission. Traditional 5G solutions often exceed the requirements of many mobile broadband applications, leading to complexity and expense. On the other hand, existing low-power IoT technologies may not perform sufficiently for certain use cases. 5G RedCap offers a middle ground, providing a tailored solution for mid-tier applications,” stated Steve Johansson, managing director, Mobile Breakthrough. “It’s an honor to recognize Fibocom’s FG132 solution as ‘Embedded Wireless Solution of the Year!’ Fibocom has consistently demonstrated its leadership in the wireless communication market by leading the way in 5G innovation.”

“The Cellular Connectivity industry faces several critical challenges, including the need for efficient solutions that balance performance, cost, and power consumption. Customers need flexible solutions that ensure long-term connectivity and performance, whether they are looking to support 5G early or planning for long-term use,” said Simon Tao, VP of Product Management Dept., Head of MBB BU at Fibocom. “Thank you to Mobile Breakthrough for this important award – a milestone in our journey. Going forward, we will continue, through continuous innovation and strategic advancements, to deliver the most advanced and reliable connectivity solutions available.”

The FG132 module series is compliant with 3GPP Release 17 RedCap technology, offering a maximum downlink speed of 223Mbps and uplink speed of 123Mbps and supports LTE fallback. The FG132 module is designed for mid-rate connectivity scenarios such as Industrial IoT, smart city, Fixed Wireless Access (FWA), mobile hotspots and more. The compact LGA packaging and compatibility with Fibocom’s LTE modules facilitate seamless 5G/4G product compatibility design. Fibocom’s FG132 module helps to leverage the benefits of 5G technology, including enhanced speed, low latency, power consumption and reliable connectivity. Fibocom offers multiple 5G RedCap series including FG332, FG131, and FG132 in different form factors to support various use cases. Up-to-date, FG132 has successfully been deployed in the 5G AIoT camera for smart city real-time monitoring and USB dongles for enabling high-speed internet access to laptops and other portable devices. Its high data throughput and low latency make it ideal for reliable, continuous wireless connectivity, enhancing responsiveness and decision-making.

About Fibocom

Fibocom is a global leading provider of wireless communication modules and solutions as well as the first wireless communication module provider listed on China A-shares stock market (stock code: 300638). Fibocom offers a one-stop solution for industry customers by integrating wireless communication modules and IoT solutions. With over two decades of engagement in M2M and IoT communication technology and extensive expertise, we are capable of bringing reliable, convenient, secure and intelligent connectivity service to every industry, enriching smart life with a perfect wireless experience. Fibocom’s product portfolio ranges from cellular modules (5G/4G/3G/2G/LPWA), automotive-grade modules, AI modules, android-smart modules, GNSS modules and antenna service. Together, we aim to empower digital transformation across industries such as ACPC (Always Connected PC), mobile broadband, smart retail, C-V2X, robotics, smart energy, IIoT, smart cities, smart agriculture, smart home, telemedicine, etc.

Find out the latest news at www.fibocom.com, and follow us on LinkedIn /X /Facebook /Youtube.

Media Contact: pr@fibocom.com

About Mobile Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the Mobile Breakthrough Awards program is devoted to honoring excellence in mobile and wireless technology companies, products and people. The Mobile Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough mobile companies and products in categories including Cloud Computing, Mobile Management and Security, Wireless and Broadband, Mobile Analytics, IoT and Smart City technology, WLAN, WiFi and more. For more information visit MobileBreakthroughAwards.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/fibocom-recognized-as-the-winner-of-2024-mobile-breakthrough-awards-for-innovation-in-5g-redcap-302287028.html

SOURCE Fibocom Wireless Inc.

Continue Reading

Trending