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ATEL Ventures, Inc. Provides Equipment Financing to Electric Truck Manufacturer, Harbinger

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Electric truck manufacturer, Harbinger is just one startup to take advantage of equipment financing to enable it to scale, by partnering with ATEL Ventures.

SAN FRANCISCO, July 8, 2024 /PRNewswire-PRWeb/ — ATEL Ventures, Inc., a division of ATEL Capital Group and a provider of venture debt and equipment financing solutions to growth-stage companies, has announced an agreement to provide equipment financing to Harbinger, a Southern California-based manufacturer of electric trucks, to enable the company to expand its manufacturing capacity.

“We have received 4,000 orders… The financing provided by ATEL Ventures will help us expand our manufacturing capabilities.”

Harbinger is focused on meeting the demand for medium-duty electric vehicles (EVs) with a first-of-its-kind vertically integrated EV platform designed to deliver improvements in safety, driver experience and vehicle operation.

“More and more commercial fleet operators are turning to EVs, and Harbinger provides a solution with zero price acquisition premium over gas or diesel-powered vehicles,” said Steven Rea, President, ATEL Ventures, Inc. “The future is electric and while other manufacturers are busy electrifying older vehicles, we believe Harbinger’s ground-up solution will emerge as a leader in this sector.”

John Harris, CEO and Co-Founder of Harbinger said: “We have received 4,000 orders from customers including Bimbo Bakeries USA, THOR Industries, Mail Management Services and more. The financing provided by ATEL Ventures will help us expand our manufacturing capabilities.”

Alongside the debt financing by ATEL Ventures, Harbinger has attracted over $100M of venture investment from Greycroft, Tiger Global, Ridgeline, THOR Industries and others, including an oversubscribed $73M Series A round.

About ATEL Ventures, Inc

ATEL Ventures, a division of ATEL Capital Group, is a leading provider of venture debt and equipment financing to emerging growth companies. The company is a primary source of non-dilutive capital across the landscape of venture capital investments. ATEL Ventures is industry- and stage-agnostic, having provided capital to companies in Information Technology, Life Sciences, Energy, Agriculture, Material Sciences, and Consumer Products and Services. For more information, visit: https://atelventures.com/ or email Steven Rea: srea@atel.com

About Harbinger

Harbinger is a commercial electric vehicle (EV) company on a mission to transform an industry starving for innovation. Harbinger’s best-in-class team of EV, battery, and drivetrain experts have pooled their deep experience to support the growing demand for medium-duty EVs. Leveraging a foundation of proprietary, in-house developed vehicle technologies designed specifically for commercial and specialty vehicle applications, Harbinger is bringing a first-of-its-kind EV platform to market, priced at parity to gasoline and diesel vehicles. Harbinger: familiar form, revolutionary foundation.

Media Contact:

ATEL Ventures: Jon Meakin | Coldharbour Communications
T +1 (917) 624-3227 | E jon@coldharbourcomms.com

Harbinger: Kylee Keskerian | Futurista Communications
T +1 (419) 822-6417 | E kylee@futuristacommunications.com

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SOURCE ATEL Ventures, Inc.

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Elbit Systems To Report First Quarter 2025 Financial Results on May 20, 2025

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The Company will host a Conference Call to discuss its financial results on May 20, 2025 at 9:00am ET

HAIFA, Israel, April 29, 2025 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that it will publish its First Quarter 2025 financial results on Tuesday, May 20, 2025.

Results Conference Call

The Company will host a conference call on May 20, 2025, at 9:00am Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the dial-in numbers below:

US Dial-in Number: 1-866-744-5399
Canada Dial-in Number: 1-866-485-2399
Israel Dial-in Number: +972-3-918-0644
International Dial-in Number: +972-3-918-0644

at 9:00am Eastern Time; 6:00am Pacific Time; 4:00pm Israel Time

This call will also be broadcast live on Elbit Systems’ website at http://www.elbitsystems.com. An online replay will be available from 24 hours after the call ends.

Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1-888-782-4291 (US and Canada) or +972-3-925-5900 (Israel and International).

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. As of December 31, 2024, the Company reported $6.8 billion in revenues and an order backlog of $22.6 billion.

For additional information, visit: www.elbitsystems.com, follow us on Twitter or visit our official Youtube Channel.

Company Contact:
Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others, including the duration and scope of the current war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/elbit-systems-to-report-first-quarter-2025-financial-results-on-may-20-2025-302440856.html

SOURCE Elbit Systems Ltd.

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Omdia ranks Infobip as a Leader in the CPaaS Universe report for the third time

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Infobip has strengthened its leadership position in the 2025 report

KUALA LUMPUR, Malaysia, April 29, 2025 /PRNewswire/ — Global communications platform Infobip has been ranked as a leader in the Omdia CPaaS Universe report 2025. Infobip has been recognized as a leader for the third time, improving its overall ranking in 2025 compared to the previous report in 2023. Infobip’s robust Communication Platform-as-a-Service (CPaaS) services, RCS Business Messaging (RBM) campaigns, connection to the emerging Network API ecosystem, and innovation through AI and Gen AI are key factors highlighted in the Omdia report.

The Omdia CPaaS Universe report is a comprehensive analysis of the CPaaS market, drawing on the firm’s forecasting and enterprise insights survey data. The report provides a forward-looking matrix of capabilities, attributes, and features that are important within the market.

Omdia recognizes Infobip as a leading CPaaS provider, delivering exceptional communication services to enterprises, developers, hyperscalers, partners, and telcos.

Pamela Clark-Dickson, Principal Analyst at Omdia, said: “Infobip provides an extensive range of communication channels and APIs. One of its key differentiators from other vendors in this Universe is that it is also at the forefront of adding emerging channels for business messaging, such as RCS Business Messaging and communications, which are crucial growth drivers for the industry and the company. Infobip enhances the developing Network API ecosystem and assists customers in achieving their business objectives through innovative AI and Gen AI features.”

Silvio Kutić, CEO at Infobip, said: “We are driving innovation within the communications platform ecosystem. With more than 9,700 connections to telco companies, our CPaaS platform is a leading option for various communication and customer engagement solutions. Omdia emphasizes our incorporation of AI and Gen AI features in the CPaaS solution, which promotes innovation, develops new use cases, and enhances existing ones. Combined, this has enabled us to strengthen our leadership position in the market this year.”

See Omdia CPaaS Universe report 2025 here: https://www.infobip.com/analyst-reports/omdia-ranks-infobip-as-a-leader 

ENDS

About Infobip

Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication and contact centre solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. It offers natively built technology with the capacity to reach over seven billion mobile devices and ‘things’ in 6 continents connected to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić.

Recent award wins include:

Infobip ranked an Established Leader in the Juniper Research Conversational AI Leaderboard (Feb 2025)Infobip named a CPaaS Leader for the third time in the IDC MarketScape (Feb 2025)Infobip named one of the top CPaaS providers in Metrigy’s CPaaS MetriRank Report (Dec 2024)Infobip named number one among Established Leaders in RCS Business Messaging in Juniper Research’s RCS Business Messaging Competitor Leaderboard 2024 (Nov 2024)Infobip recognized as the number one provider in the AIT Fraud Prevention market by Juniper Research (Oct 2024)Infobip named a Leader in the Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS) 2024 for the second year running (June 2024)Infobip named to Fast Company’s Annual List of the World’s Most Innovative Companies (March 2024)Omdia Ranks Infobip as Leader for the second year running in its CPaaS Universe Report (Nov 2023)

View original content:https://www.prnewswire.com/apac/news-releases/omdia-ranks-infobip-as-a-leader-in-the-cpaas-universe-report-for-the-third-time-302440570.html

SOURCE Infobip

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ProPhotonix Launches New Cost-Effective, High-Performance Multispectral LED Line Light

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ProPhotonix is pleased to announce the launch of its COBRA NX MultiSpec designed to deliver tunable multispectral light for cost-sensitive applications. The new COBRA NX MultiSpec is a pioneering multispectral line light offering all of the benefits of a tunable multispectral light, specifically engineered for applications where performance and budget must align.

BOSTON, April 29, 2025 /PRNewswire-PRWeb/ — ProPhotonix Limited, a designer and manufacturer of laser diode modules and LED illumination systems with operations in Ireland and the United Kingdom, part of the Exaktera group, is pleased to announce the launch of its COBRA NX MultiSpec designed to deliver tunable multispectral light for cost-sensitive applications.

“Our new multispectral line light represents a major leap forward in making multispectral lighting more accessible. A solution that is both powerful and cost-effective.”

The new COBRA NX MultiSpec is a pioneering multispectral line light offering all of the benefits of a tunable multispectral light, specifically engineered for applications where performance and budget must align. Built on a modular platform, the COBRA NX MultiSpec is available in four standard configurations – RGB, RGB-IR (855nm), RGB-White(3500K), and RGB-SWIR (1150mn, 1450nm) each designed to address a broad range of multispectral imaging applications including food sorting, print inspection, and pharmaceutical analysis. The advanced line light offers discrete control of individual wavelengths allowing the user to select the optimum intensities, maximizing the signal-to-noise ratio for their application.

Building on the success of the award-winning COBRA MultiSpec platform, the innovative COBRA NX MultiSpec has a market-leading compact, modular form factor. Available from 300mm and with unmatched optical options, it is configurable for a wide range of applications. Chip-on-board LED technology coupled with superior optical design, delivers intense and uniform multispectral illumination at the optimal price-performance ratio. Packed with functionality, COBRA NX MultiSpec also offers on-board Ethernet control.

COBRA NX MultiSpec will reduce the cost of entry for multispectral imaging applications. When paired with multispectral cameras from leading manufacturers the cost of a multispectral system can be dramatically reduced, enabling new applications to benefit from the many advantages of multispectral imaging. This innovative multispectral solution delivers an exceptional performance-to-cost ratio.

“Our new multispectral line light represents a major leap forward in making multispectral lighting more accessible,” said Simon Stanley, Director of Technology, Exaktera LED group “As multispectral imaging continues to evolve, the need for high-performance LED line lights continues to grow. The COBRA NX MultiSpec addresses this need with a solution that is both powerful and cost-effective.”

For more information, visit: https://www2.prophotonix.com/COBRA-NX-MultiSpec

Contact:

ProPhotonix Limited

Simon Stanley,

Director of Technology, Exaktera LED Group

Tel: +353(0) 21 5001313

sales@prophotonix.com

About ProPhotonix

ProPhotonix Limited is a high-technology designer and manufacturer of diode-based laser modules and LED systems for industry-leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Ushio, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, security, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, U.K., and Europe. For more information about ProPhotonix and its innovative products, visit the Company’s website at www.prophotonix.com.

Media Contact

ProPhotonix Sales, ProPhotonix, 1 603 893 8778, sales@prophotonix.com, www.prophotonix.com

View original content to download multimedia:https://www.prweb.com/releases/prophotonix-launches-new-cost-effective-high-performance-multispectral-led-line-light-302440650.html

SOURCE ProPhotonix

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