Connect with us

Technology

Portal Innovations Selected as Ocean State Labs Incubator Partner

Published

on

PROVIDENCE, R.I., March 31, 2025 /PRNewswire/ — The Rhode Island Life Science Hub and Brown University selected Portal Innovations (Portal) as the manager of their state-of-the-art life science incubator, Ocean State Labs. Ocean State Labs, powered by Portal, will provide critical infrastructure to support early-stage life science companies in Rhode Island as they grow and bring their discoveries to the marketplace. The lab, located in Providence’s 195 District, is currently being developed by L&G – Asset Management, America and is expected to be complete by the end of this calendar year.

“Ocean State Labs will serve a critical need in Rhode Island and beyond, providing more than 30,000 square feet of physical space for entrepreneurial businesses to be brought to scale to improve health outcomes,” said Dr. Mark A. Turco, President & CEO of the R.I. Life Science Hub. “In Portal Innovations, the region has a partner with a proven track record of supporting the breakthroughs of early-stage life science ventures. Portal has experience operating labs across the country, bringing with them support to scale up companies, including their ability to leverage venture capital funding, being expert partners, and providing dynamic programming.”

Portal Innovations is a premier venture development engine that specializes in early-stage life sciences venture creation and investments with a presence in Chicago, Houston, Atlanta, and Boston. To date, Portal has helped more than 90 innovation and life sciences startups grow by delivering “Crafted Capital” that includes seed funding, specialized equipment, lab space, and management expertise for high-potential, early-stage companies. The Powered by Portal model, launched in 2024, partners with university innovation arms as an incubator operator and provides them with Portal’s expertise in lab design and buildout, ecosystem management, and venture development, to help academic entrepreneurs grow towards commercialization.

John Flavin, Founder and CEO of Portal Innovations said, “Getting in at the ground level with entrepreneurs across the region and working with the top-tier academic institutions across Rhode Island is a major milestone for Portal. Our partnership with R.I. Life Science Hub and Brown to launch our Powered by Portal model will provide the tools, connections, and potential capital needed to scale startups and technologies with the hope of accelerating translation and foster the vibrant and growing life science sector in Rhode Island.”

The approximately 30,000-square foot space will feature a mix of private and open lab spaces along with co-working areas that will be equipped with cutting-edge technology to support up to 30 startup companies in Rhode Island. The development of Ocean State Labs is supported by the Life Science Hub, Brown University, and the I-195 Redevelopment District Commission.

Turco added “Rhode Island has continued momentum in creating the ecosystem needed to be a hub for medical and scientific research and entrepreneurship that should benefit not only the healthcare companies but patients.”

About the Rhode Island Life Science Hub: The Life Science Hub positions the state to deliver on a bold vision of transforming Rhode Island into a globally recognized life science innovation hub by coalescing existing stakeholders, activities, and investments while building new capabilities. Through an initial three-year, $45 million investment, the Hub will serve as the central and coordinating organization facilitating the development of medical advances and scientific breakthroughs by supporting companies who specialize in life sciences.

Media Contact: Lauren Greene, Lgreene@nharbor.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/portal-innovations-selected-as-ocean-state-labs-incubator-partner-302415159.html

SOURCE Rhode Island Life Science Hub

Continue Reading
Click to comment

Leave a Reply

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

Technology

NASA Astronaut to Answer Questions from Students in California

Published

on

By

WASHINGTON, April 23, 2025 /PRNewswire/ — Students from Santa Monica, California, will connect with NASA astronaut Jonny Kim as he answers prerecorded science, technology, engineering, and mathematics-related questions aboard the International Space Station.

Watch the 20-minute space-to-Earth call at 12:10 p.m. EDT on Tuesday, April 29, on the NASA STEM YouTube Channel

Media interested in covering the event must RSVP by 5 p.m., Friday, April 25, to Esmi Careaga at: ecareaga@smmusd.org or 805-651-3204 x71582.

The event is hosted by Santa Monica High School, Kim’s alma mater, and includes students from Roosevelt Elementary School and Lincoln Middle School in Santa Monica. The schools hope to inspire students to follow their dreams and explore their passions through curiosity, service, and interest in learning.

For more than 24 years, astronauts have continuously lived and worked aboard the space station, testing technologies, performing science, and developing skills needed to explore farther from Earth. Astronauts aboard the orbiting laboratory communicate with NASA’s Mission Control Center in Houston 24 hours a day through SCaN‘s (Space Communications and Navigation) Near Space Network.

Important research and technology investigations taking place aboard the space station benefit people on Earth and lays the groundwork for other agency missions. As part of NASA’s Artemis campaign, the agency will send astronauts to the Moon to prepare for future human exploration of Mars, inspiring Artemis Generation explorers and ensuring the United States continues to lead in space exploration and discovery.

See videos highlighting space station research at:

https://www.nasa.gov/stemonstation

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasa-astronaut-to-answer-questions-from-students-in-california-302436534.html

SOURCE NASA

Continue Reading

Technology

SK hynix Announces 1Q25 Financial Results

Published

on

By

Revenues at 17.6391 trillion won, operating profit at 7.4405 trillion won, net profit at 8.1082 trillion wonBoth revenues, operating profit achieve 2nd highest quarterly records and operating margin improves for 8th consecutive quartersCompany will strive to continue profit-centered growth based on AI memory leadership

SEOUL, South Korea, April 23, 2025 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it recorded 17.6391 trillion won in revenues, 7.4405 trillion won in operating profit (with an operating margin of 42%), and 8.1082 trillion won in net profit (with a net margin of 46%) in the first quarter this year.

Both revenues and operating profit are the 2nd highest records following last quarter when the company achieved its best quarterly results. Operating margin improved by 1%p compared to the previous quarter to 42%, resulting in 8th consecutive quarterly growth. 

SK hynix explained that memory market ramped up faster than expected due to competition to develop AI systems and inventory accumulation demand. The company responded to the demand with an expansion in sales of high value-added products such as 12-layer HBM3E and DDR5.

The company believes the strong financial results despite a low seasonality reflect its outstanding competitiveness compared to the past. The company plans to focus on enhancing the business fundamentals to achieve distinguished financial outcome, even in times of market correction. 

Based on the financial result, cash and cash equivalents increased by 0.2 trillion won to 14.3 trillion won at the end of the first quarter, compared to the end of 2024, leading to an improvement in the debt and net debt ratio to 29% and 11%, respectively. 

SK hynix will continue to strengthen collaboration with supply chain partners to meet customer needs despite demand fluctuation amid global uncertainties.

Due to the characteristics of the HBM market that supply volume is mutually agreed a year in advance, the company maintains its earlier projection that HBM demand will approximately double compared to the last year. As a result, sales of 12-layer HBM3E are expected to favorably increase to account for over 50% of total HBM3E revenues in the second quarter.

In addition, the company started to supply LPCAMM2[1], high performance memory module for AI PC, to customers in the first quarter and plans to supply SOCAMM[2], a low-power DRAM module for AI servers, when demand ramps up. 

[1] Low-Power Compression Attached Memory Module (LPCAMM2): LPDDR5X-based module solution that provides power efficiency and high performance as well as space savings. It has the performance effect of replacing two existing DDR5 SODIMMs with one LPCAMM2

[2] Small Outline Compression Attached Memory Module (SOCAMM): A low-power DRAM-based memory module for AI server

For NAND, the company plans to actively respond to demand for high-capacity eSSD, while maintaining profitability-first operation with cautious approach for investment. 

“In compliance with the ‘Capex Discipline’, SK hynix will focus on products with demand feasibility and profitability to enhance investment efficiency,” said Kim Woohyun, Chief Financial Officer. “As an AI memory leader, we will strengthen collaboration with partners and carry out technological innovation in efforts to continue profit growth with industry-leading competitiveness.”

1Q25 Financial Results (K-IFRS)

*Unit: Billion KRW

1Q25

QoQ

YoY

4Q24

Change

1Q24

Change

Revenues

17,639.1

19,767.0

-11 %

12,429.6

42 %

Operating Profit

7,440.5

8,082.8

-8 %

2,886.0

158 %

Operating Margin

42 %

41 %

1%p

23 %

19%p

Net Income

8,108.2

8,006.5

1 %

1,917.0

323 %

* Financial information of the earnings is based on K-IFRS
* Please note that the financial results discussed herein are preliminary and speak only as of April 24, 2025. Readers should not assume that this information remains operative at a later time.

 

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

Media Contact
SK hynix Inc.
Global Public Relations

Technical Leader
Kanga Kong, Minseok Jang, Sooyeon Lee 
E-Mail: global_newsroom@skhynix.com 

View original content:https://www.prnewswire.com/news-releases/sk-hynix-announces-1q25-financial-results-302436546.html

SOURCE SK hynix Inc.

Continue Reading

Technology

Labroots Open-Access Scientific Virtual Event Lineup: Spring 2025

Published

on

By

YORBA LINDA, Calif., April 23, 2025 /PRNewswire/ — Labroots, the leading scientific social networking website offering preeminent, interactive virtual and hybrid events and webinars, is thrilled to announce the three remaining virtual events for our Spring 2025 period, which include the latest events in Immuno-Oncology and Precision Medicine Virtual Event Series.

These fascinating virtual events will feature live keynote and on-demand educational presentations from a myriad of experts with decades of experience in all three fields, along with live Q&A opportunities. Labroots events now feature multiple ways to network, including dedicated speed networking, exhibit hall, and poster networking hours, emphasizing our mission to connect and engage the global scientific community.

The two upcoming virtual events and their tracks include:

4th Annual Event in the Immuno-Oncology Virtual Event Series on April 30, 2025Emerging Advances in Immuno-OncologyImmunotherapiesTranslating Cancer Immunotherapies to the Clinic13th Annual Event in the Precision Medicine Virtual Event Series on May 14, 2025Advancing Precision Medicine: Technologies & InnovationsTransformative Methodologies in Genomics & Molecular DiagnosticsClinical Applications & Case Studies in Precision MedicineHealth Equity & Representation in GenomicsRare Diseases & Precision Therapeutics

Labroots is excited to offer Speed Networking in our virtual event series. Here attendees can engage and connect in brief, timed discussions lasting between 4-5 minutes. We encourage attendees to use speed networking to introduce themselves and briefly discuss what they hope to achieve at the virtual event and how they envision it assisting with their career goals. We also offer a dedicated poster discussion hour where attendees can present their research to a global audience.

About Labroots

Labroots is the leading scientific social networking website, primary source for scientific trending news, premier educational virtual events and webinars, and more. Founded in 2008, Labroots emphasizes digital innovation in scientific collaboration and learning. Offering articles and webcasts that go beyond the mundane and explore the latest discoveries in the world of science, Labroots users can stay atop their field by gaining continuing education credits from a wide range of topics through their participation in webinars and virtual events. Labroots offers more than ever with Chati, a flexible, highly scalable virtual event platform that promotes unique, effective, and memorable virtual and hybrid events.

View original content:https://www.prnewswire.com/news-releases/labroots-open-access-scientific-virtual-event-lineup-spring-2025-302436494.html

SOURCE Labroots, Inc.

Continue Reading

Trending