Technology

Mitsubishi Outlander Tops Segment in Critical J.D. Power Multimedia Study

Published

8 hours ago

October 28, 2024

J.D. Power releases “2024 U.S. Multimedia Quality and Satisfaction Study”Mitsubishi Outlander named best multimedia system in “small/compact” segmentCustomer satisfaction drives Outlander to 2024 sales success

FRANKLIN, Tenn., Oct. 28, 2024 /PRNewswire/ — In-car technology is one of the key drivers of new-car buyers’ purchase decisions, but widespread dissatisfaction with the way these systems operate and integrate with smartphones has driven considerable customer dissatisfaction across the entire auto industry. Today’s vehicles are rapidly becoming mobile computers, and the way a smartphone integrates with the vehicle and the ease of use of in-car technologies is one of the make-or-break research items when shoppers add or remove vehicles from their shopping list.

Since its debut in 2021, as a 2022 model-year vehicle, the Mitsubishi Outlander sport-utility vehicle has set out to change the way customers look at Mitsubishi Motors, and it has garnered a number of significant awards since1. With the vehicle drawing a customer to Mitsubishi who may never have previously considered purchasing one of the brand’s vehicles, ensuring the interface between car and driver was smooth, intuitive, and effective was a key engineering goal.

For the first time ever, the Mitsubishi Outlander has won the small/compact segment in the J.D. Power 2024 U.S. Multimedia Quality and Satisfaction Study. With built-in theater-like sound from the available Bose® sound system, Android Auto™2 connectivity, and available wireless Apple CarPlay®2, the 2024 Outlander is an easy-to-connect extension to a user’s smartphone.

“From the day we debuted Outlander on Amazon Live – the first time a vehicle had ever been launched on the platform – using technology to reach new customers and using technology to exceed customers’ expectations with their new vehicle has been key to the success of the vehicle in the marketplace,” said Mark Chaffin, President & CEO, MMNA. “Mitsubishi’s engineering team’s hard work has paid off handsomely for our customers’ in-car experience, demonstrated through the J.D Power survey process that drives this result.”

Outlander’s available nine-inch screen, coupled with wireless Apple CarPlay and wired GoogleAuto, is the heart of the vehicle’s multimedia system. Available wireless charging keeps the music playing for the whole drive and ensures non-stop connectivity between devices and the Outlander. Plug-in options of both USB-A and USB-C mean there’s a way to connect different devices to the Mitsubishi Outlander.

Additionally, other technologies such as available MI-PILOT Assist™3, an advanced navigation system that takes the stress out of driving, include features like lane centering assistance, speed control, traffic jam stop-and-go, smoother turning, and highway exiting. My MITSUBISHI CONNECT™4 is an innovative host of services that keeps owners connected to their Outlander and allows pre-setting the cabin temperature, remote-starting the vehicle, access to essential safety services, and more. Also, with available myQ® Connected Garage, owners can even conveniently and safely open/close their garage door from anywhere.

Through the third quarter of 2024, the Mitsubishi Outlander has notched a sales increase of 5.6%, compared to the same period in 2023. While not all can be attributed to the performance of the infotainment system and its ease of use, there’s no question that the 2024 Mitsubishi Outlander makes a strong first impression on a test drive.

The 2024 U.S. Multimedia Quality and Satisfaction Study provides an analysis of vehicle owner experiences with the quality, design, and features of their automotive sound system, including hands-free features. It is based on responses from 99,144 purchasers and lessees of new 2024 model-year vehicles who were surveyed after 90 days of ownership. The study was fielded from July 2023 through May 2024.

For more information about the U.S. Multimedia Quality and Satisfaction Study, visit https://www.jdpower.com/business/automotive/us-multimedia-quality-and-satisfaction-study.

For more information on the full lineup of Mitsubishi vehicles, visit MitsubishiCars.com.

Disclaimers

Outlander has been named to Ward’s 10 Best Interiors list, Outlander PHEV has been named Green Car Journal’s Green SUV of the Year and Puros Autos Latin Flavor SUV of the Year, among other awards.Available feature. Android™, Android Auto™, Google™, Google Play™, Google Maps™, Google Assistant™, and other marks are trademarks of Google LLC. Apple CarPlay®, Siri®, and Apple Music® are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a registered trademark of Apple, Inc. Distracted driving is dangerous. Restrict use of connected devices to safe times and always exercise caution so your full attention is given to vehicle operation.MI-PILOT Assist is a driver assistance system only and is not a substitute for safe and careful driving. The driver must remain engaged with the driving task and monitor the environment at all times.Available in Outlander PHEV, Outlander, and certain Eclipse Cross models. Included for two years as a new Mitsubishi owner of a MY24 MITSUBISHI CONNECT-capable vehicle. After the two-year trial, standard yearly subscription costs apply. For MY25 MITSUBISHI CONNECT-capable vehicles, trial periods are 5-year safeguard/1-year remote. Standard yearly subscription costs apply at the conclusion of each trial period. See mitsubishicars.com/cvprivacy and mitsubishicars.com/cvsterms for additional important information.

ABOUT MITSUBISHI MOTORS NORTH AMERICA, INC.
Through a network of approximately 330 dealer partners across the United States, Mitsubishi Motors North America, Inc. (MMNA) is responsible for the sales, marketing, and customer service of Mitsubishi Motors vehicles in the U.S. MMNA’s recently announced five-year business plan – “Momentum 2030” – outlines the brand’s mid-term intentions for product and business transformation. MMNA will expand and refresh its vehicle lineup in the U.S. with one new or completely refreshed model to debut each year between now and 2030. Powered by a selection of advanced-technology internal combustion engines, hybrids, plug-in hybrids, and battery electrics, the product line will nearly double from today’s four vehicles. Momentum 2030 also includes a vision for a modernized retail sales model and plans for network expansion and sales growth.

MMNA has its headquarters in Franklin, Tennessee, as well as corporate operations in California, Georgia, Michigan, and New Jersey.

For more information on Mitsubishi vehicles, please visit media.mitsubishicars.com.

Contact
Jeremy Barnes
Senior Director, Communications and Events
jeremy.barnes@na.mitsubishi-motors.com, Mobile: 714-296-1402

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SOURCE Mitsubishi Motors North America, Inc.

Technology

Skipper Limited achieved its best-ever second-quarter revenue, driven by strong execution in the Engineering and Infrastructure business segments.

Published

53 mins ago

October 28, 2024

Consolidated EBITDA margins rose to 10.1%, up from 9.5% in the same quarter last year.

KOLKATA, India, Oct. 28, 2024 /PRNewswire/ — Skipper Limited (BSE: 538562) (NSE: SKIPPER), is one of the world’s leading manufacturers for Power Transmission & Distribution structures, amongst India’s leading EPC companies for EHV transmission line construction, and a prominent manufacturer of Telecom and Railway structures.

Consolidated Financials – Q2 & H1 Fy’25 (Rs in Million)

Particulars

Q2 Fy’25

Q2 FY’24

Change %

H1 Fy’25

H1 FY’24

Change %

Revenue

11,097

7,724

44 %

22,015

13,270

66 %

EBITDA

1,124

737

53 %

2,171

1,338

62 %

EBITDA Margin %

10.1 %

9.5 %

9.9 %

10.1 %

Profit Before Tax

444

285

56 %

875

519

69 %

Profit After Tax

329

198

67 %

654

360

81 %

Key Business Highlights

Highest Ever Closing Order Book: Stands at Rs. 65,900 million, with 85% from domestic markets and 15% from exports.Quarterly Order Inflow: Rs. 16,600 million for engineering products and EPC works.Significant Domestic Contracts: Secured substantial contracts from Power Grid Corporation of India Limited (PGCIL), State Electricity Boards (SEBs), and the North and South American export markets.Year-to-Date Order Inflows: Total Rs. 24,250 million, reflecting strong demand across both domestic and international markets.

Director Speaks

Commenting on the results, Mr. Sharan Bansal, Director of Skipper Limited, said: “Amidst dynamic market conditions, our performance this quarter has truly showcased Skipper’s strength and resilience. With a remarkable 44% growth in revenue compared to Q2 of the previous fiscal year, we are seeing the positive impact of our focused strategy in the Engineering and Infrastructure segments. Our EBITDA margin has improved to 10.1%, reflecting enhanced operational efficiencies, while our Profit After Tax increased by 67% to Rs. 329 million. These accomplishments underline our commitment to delivering sustained growth and value for our stakeholders.

Our highest-ever closing order book of Rs. 65,900 million, with 85% coming from the domestic market and 15% from exports, reaffirms Skipper as the preferred partner in the Transmission & Distribution sector. With significant domestic contracts from PGCIL and SEBs, alongside expanding footprints in North and South America, we are poised for continued momentum. Our strong order inflow of Rs. 16,600 million during the quarter is a testament to the confidence our clients place in our capabilities.”

Mr. Bansal also added, “Domestic T&D ordering displays promising signs of resurgence, while our consistent growth in international markets remains a core driver of our expansion. We see vast opportunities ahead, fuelled by India’s 500 GW renewable energy integration plan, and we are committed to being at the forefront of this transformative journey. Internationally, we foresee robust demand driven by increased transmission and distribution spending on renewables for the next decade.”

ABOUT SKIPPER LIMITED

Skipper Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment. With over 42+ years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity. Skipper differentiates its offerings with high quality but cost effective solution for infrastructure providers and telecom operators. Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 50+ countries with presence across sub-segments such as Towers, EPC, Monopoles, Poles and Railway Electrification Structures. Skipper Limited is a national powerhouse in the Polymer pipe business. Under the brand name of ‘Skipper’, the company manufactures premium quality polymer pipes & fittings, which serve both the agricultural as well as plumbing sectors. Skipper Limited is listed at BSE (538562) and NSE (Symbol: SKIPPER) in 2014 & 2015 respectively.

Logo – https://mma.prnewswire.com/media/2471709/Skipper_Limited_Logo.jpg

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Technology

OpenSea Partners with Art Blocks to Empower Generative Artists and NFT Creators

Published

53 mins ago

October 28, 2024

The leading generative art platform and the world’s first and largest NFT marketplace partner to accelerate experimentation and innovation in contemporary digital art.

NEW YORK, Oct. 28, 2024 /CNW/ — In advance of the fourth annual Art Blocks Marfa Weekend on November 14-17, 2024, OpenSea is excited to announce a partnership with the renowned generative art platform, Art Blocks.

As part of the partnership, artists can use a new custom Art Blocks Engine contract when releasing on OpenSea. The companies will also collaborate on product development roadmaps, demo new features together, and iterate on other platform upgrades.

“We’re proud to partner with Art Blocks in supporting the creative minds that are innovating in digital art,” said Devin Finzer, CEO of OpenSea.

Through this collaboration, Art Blocks and OpenSea have also created The Art Blocks x OpenSea Artist Residency program. The program will support generative artists by offering them the opportunity to practice their craft in Marfa, the heart of Texas’s creative community, and to draw inspiration from the desert landscape of West Texas. Looking ahead, OpenSea will be sponsoring live events that bring together the industry’s leading artists to exhibit their works and build community, beginning with the Art Blocks Marfa Weekend next month.

This residency program aims to support artists in pursuing their creative endeavors by situating them amongst inspiring cultural and artistic influences, surrounded by fellow artists and creators. During the residency, participating artists will receive accommodations, a stipend, an Art Blocks Studio contract, and a peaceful setting to focus on developing their artwork while being surrounded by the engaging and supportive environment and community of Marfa.

“The landscape of being a participant in this ecosystem continues to evolve, and we evolve with it, exploring how best to serve our community of artists and collectors,” said Erick Calderon, CEO of Art Blocks. “We are grateful for opportunities like this to expand the tools and spaces for artists to continue to push boundaries and broaden the exposure that the generative medium deserves.”

With recent successes like Bokeh by Michael Kozlowski (mpkoz), which marked the return of Art Blocks’ Curated releases and quickly minted out, Art Blocks continues to build strong momentum for future drops. This partnership with OpenSea will amplify that momentum, supporting new opportunities for artists to innovate and reach new audiences.

“The collaboration of artists and NFT platforms is essential to the success of both industries,” said Hugh Heslep, the President and COO of Art Blocks. “We are excited to be working with OpenSea to further solidify this long-standing relationship.”

Further details about the Art Blocks x OpenSea Artist Residency will be announced in November.

About OpenSea

Founded in 2017, OpenSea is the world’s first and largest peer-to-peer marketplace for crypto collectibles and non-fungible tokens (NFTs). OpenSea supports multiple blockchains, with the broadest set of categories for new emerging asset classes, which include digital collectibles, gaming items, and other virtual goods. For more information visit, https://opensea.io.

About Art Blocks

Founded by Erick ‘Snowfro’ Calderon, Art Blocks is a generative art platform in service of bringing the most compelling examples of contemporary generative art to life. Art Blocks unites artists, blockchain technology, and collectors in a destination dedicated to groundbreaking work and remarkable experiences. For more information on Art Blocks, visit https://www.artblocks.io/ or follow X and Instagram.  

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SOURCE OpenSea

Technology

Capital Rx Earns Full URAC Reaccreditation in Pharmacy Benefit Management

Published

53 mins ago

October 28, 2024

URAC accreditation reflects Capital Rx’s commitment to achieving and maintaining the highest quality, member engagement and experience, and operational standards for PBMs in the industry

NEW YORK, Oct. 28, 2024 /PRNewswire/ — Capital Rx, the full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) advancing our nation’s electronic healthcare infrastructure, has received full URAC reaccreditation for Pharmacy Benefit Management. This announcement follows on the heels of JUDI®, Capital Rx’s proprietary enterprise health platform, achieving HITRUST i1 Certification for data protection and cybersecurity and the company receiving National Committee for Quality Assurance (NCQA) Accreditation in Utilization Management.

URAC reaccreditation demonstrates Capital Rx’s commitment to upholding the highest industry standards.

“The URAC Pharmacy Benefit Management accreditation touches every department across the organization and is a testament to the quality of care we provide to our patients and the support we provide our plan sponsors, levering both JUDI and our robust operational and performance management infrastructure,” said Sara Izadi, PharmD, Chief Clinical Officer at Capital Rx. “I am so proud of our entire organization for demonstrating our commitment to upholding the highest standards in the industry and improving patient outcomes by maintaining our accreditation.”

As an aligned, objective administrative partner, Capital Rx does not profit from the distribution of medication to plan members, spread pricing, clawbacks from retail pharmacies, or other traditional PBM tactics that are under intense regulatory scrutiny. Rather, launching an unbundled pharmacy benefit solution that includes core claim adjudication and contact center services, Never Move Again™, demonstrates an understanding of the pressure employer plan sponsors face to establish processes to evaluate plan costs and meet their fiduciary obligations.

In addition to earning accreditations or certifications from URAC, NCQA, and HITRUST, Capital Rx has voluntarily earned B Corp™ Certification, follows the NIST SP 800-53 cybersecurity standard, and AICPA SOC 1 Type 2 and SOC 2 Type 2 Reports are available. At a time when satisfaction with traditional PBMs is at the lowest level in a decade,1 Capital Rx will continue to raise the bar for transparency in the PBM industry and rebuild trust in healthcare.

“The URAC accreditation seal shows an organization’s commitment to meeting the highest quality standards in health care in the areas of risk management, consumer protection and empowerment, operations and infrastructure, patient service and communication, as well as performance management and improvement. We are proud to recognize Capital Rx for their achievement in these areas,” said URAC President and CEO Shawn Griffin, MD.

To learn more about URAC”s stringent standards and evaluation process for PBMs, please visit https://www.urac.org/accreditation-cert/pharmacy-benefit-management-accreditation/.

To learn more about Capital Rx’s suite of administrative solutions, please visit http://www.capitalrx.com/.

About URAC
Founded in 1990 as a non-profit organization, URAC is the independent leader in promoting health care quality and patient safety through renowned accreditation programs. URAC develops its evidence-based standards in collaboration with a wide array of stakeholders and industry experts. The company’s portfolio of accreditation and certification programs span the health care industry, addressing health care management and operations, pharmacies, telehealth, health plans, medical practices and more. URAC accreditation is a symbol of excellence for organizations to showcase their validated commitment to quality and accountability.

About Capital Rx
Capital Rx is a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), advancing our nation’s electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, Capital Rx is executing its mission through the deployment of JUDI®, the company’s cloud-native enterprise health platform, and a Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit www.capitalrx.com.

Media Contacts
Michael Passanante, SVP, Marketing & Communications
Justin Venneri, Director, Communications
marketing@cap-rx.com

References
1 Pharmaceutical Strategies Group. 2024 Pharmacy Benefit Manager Customer Satisfaction Report. Dallas, TX: PSG. Available from www.psgconsults.com/research

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SOURCE Capital Rx