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CRTC approves Google’s application and paves way for annual $100 million contribution to Canadian news organizations

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OTTAWA, ON and GATINEAU, QC, Oct. 28, 2024 /CNW/ – Today, the CRTC is issuing its first decision under the Online News Act Application and Exemption Regulations (the Regulations). This decision will pave the way for Google to contribute $100 million annually to Canadian news organizations through the Canadian Journalism Collective (CJC).

The Online News Act (the Act) received Royal Assent on June 22, 2023, and on December 19, 2023, the Regulations came into force. The Act (formerly Bill C-18) aims to ensure that online platforms that make Canadian news content available fairly compensate Canadian news organizations.

Under the Act, the CRTC is responsible for implementing the government’s Regulations. The Regulations allow online platforms to request an exemption from being required to bargain with individual news organizations if they reach an agreement with an organization that represents a broad range of Canadian news organizations. The CRTC is required to hold a public consultation on any exemption request received.

In June 2024, Google filed an application to be exempt from the Act. The CRTC moved quickly and launched a public consultation on the application within three weeks.  

After reviewing the public record, the CRTC is granting a five-year exemption from the Act to Google. Google must pay $100 million to the CJC within 60 days of this decision. The CJC will then distribute the funds equitably to eligible Canadian news organizations.

The CJC will report back to the CRTC annually.

Quick facts

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.The CRTC is moving quickly to advance the implementation of the Online News Act. So far, the CRTC has launched four public consultations: one on the mandatory bargaining process, undue preference and information gathering, another on the Cost Recovery Regulations, the third on Google’s exemption application, and the fourth on the proposed Code of Conduct for bargaining under the Act.More information on the CRTC’s activities related to the Online News Act can be found in the regulatory plan.

Associated links

Exemption Order from the Online News Act granted to GoogleConsultation about Google’s exemption application under the Online News ActCRTC’s regulatory planGoogle’s open callStatement by the CRTC Chairperson and Chief Executive Officer, Vicky Eatrides, on the Online News Act

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SOURCE Canadian Radio-television and Telecommunications Commission

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ORTUR Introduces the H20 Laser Engraver with Advanced Visual Algorithms and Safety Features

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NEW YORK, Oct. 29, 2024 /PRNewswire/ — ORTUR announces the launch of the H20, a versatile laser engraving machine designed for professional engravers and DIY enthusiasts. The H20 accommodates a wide range of engraving and cutting applications, combining advanced technology with user-friendly features suitable for various skill levels.

The ORTUR H20 is characterized by its detachable enclosure structure, which allows for customization based on specific project requirements, enhancing functionality and convenience. The machine includes integrated lighting, an emergency stop button, and a smoke exhaust system to create a safer operational environment. Additionally, the built-in electric lifting platform can be adjusted to accommodate different engraving object heights, further increasing versatility.

A notable feature of the H20 is its support for advanced visual algorithms, including camera visual positioning, edge detection, and bridging, which improve work efficiency and engraving quality. The machine is compatible with both blue light (450nm) and infrared light (1064nm) modules, enabling engraving of a diverse range of materials, including wood, metal, leather, glass, and acrylic.

The H20 is offered in multiple power options—2W 1064, 10W, 20W, and 40W—making it suitable for various applications. From personal DIY projects to precision engraving for product labels and custom gifts, as well as large-scale engraving for businesses, the H20 addresses diverse demands. Its quick-assembly design and built-in air pump eliminate the need for external equipment, contributing to a smoke-free and dust-free workspace.

A spokesperson for ORTUR stated, “The H20 combines advanced features, including smart visual algorithms and a customizable design, to serve both professionals and hobbyists. The machine maintains a clean and efficient workspace while delivering high-quality engraving results.”

The ORTUR H20 is officially launch on October 24th, please visit the crowdfunding page on KICKSTARTER for more information.

About ORTUR

ORTUR is a company specializing in laser technology, committed to providing high-quality engraving solutions for professionals and hobbyists. With a focus on customer satisfaction, ORTUR continues to advance products that meet the evolving needs of users.

Photo – https://mma.prnewswire.com/media/2541678/The_ORTUR_H20_customizable_detachable_enclosures_enhanced_safety_features_adjustable.jpg

View original content:https://www.prnewswire.co.uk/news-releases/ortur-introduces-the-h20-laser-engraver-with-advanced-visual-algorithms-and-safety-features-302289397.html

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TotalEnergies ENEOS Completes a 1.8 MWp Floating Solar Photovoltaic System Project, a Second Collaboration with S. Kijchai Enterprise in Thailand

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BANGKOK, Thailand, Oct. 29, 2024 /PRNewswire/ — TotalEnergies ENEOS has successfully completed the installation of a 1.8 megawatt-peak (MWp) floating solar photovoltaic (PV) system project in Thailand with S. Kijchai Enterprise, a Thailand-based manufacturer of wood-based panels. This is the second PV system that TotalEnergies ENEOS has installed for the company within 4 years and the first floating solar PV system for TotalEnergies ENEOS in Asia Pacific.

With over 3,000 modules installed, the solar PV system generates approximately 2,650 megawatt-hours (MWh) of renewable electricity annually. This results in a reduction in the company’s overall carbon footprint by approximately 1,125 tons of CO2 emissions, equivalent to planting around 16,800 trees.

Under a long-term Power Purchase Agreement (PPA), TotalEnergies ENEOS fully funded, installed, and will operate the solar system for the next 12 years. With no upfront investment required, S. Kijchai Enterprise will only pay for the cost of electricity generated during the tenure, leading to significant cost savings for the company.

“At S. Kijchai Enterprise, we are thrilled to complete our second solar project in collaboration with TotalEnergies ENEOS. This floating solar system underscores our commitment to sustainability and demonstrates our ability to harness clean energy solutions. By generating approximately 2,650 megawatt-hours (MWh) of renewable electricity annually, we are not only achieving cost savings but also making a significant impact on our carbon footprint. This project is a testament to our dedication to innovation and environmental stewardship” shared Harnsiri Sangwongkit, Senior Vice President of S. Kijchai Enterprise in Thailand.

“We are honored by the trust S. Kijchai Enterprise has placed in us to assist them on their decarbonization journey. Achieving this milestone, following the success of the first rooftop solar project, exemplifies our shared commitment to utilizing clean energy solutions for a sustainable future. The completion of this floating solar system brings S. Kijchai Enterprise one step closer to achieving their sustainability goals, while providing additional cost savings. We are committed to continue leveraging on our extensive expertise and innovative solutions to support more industrial client in their efforts to decarbonize,” said Alexandru Buzatu, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.

To learn more about TotalEnergies ENEOS tailored solar solutions, check out our free brochure, or contact us directly for more information.

***

About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia 

TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030. https://renewables.totalenergies.com/en

ENEOS Corporation and renewables electricity
ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan region. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses.

About S.Kijchai Enterprise
S.Kijchai Enterprise Public Company Limited was established with the objectives to be leading manufacturer of wood substitute products, with realization of environmental conservation for the natural sustainability. The company’s main business activities are to produce wood substitute products with medium density fiber boards or MDF boards. https://www.skn.co.th 

TotalEnergies ENEOS Contact
Media Relations: contact.solar.asia@totalenergies.com

S.Kijchai Enterprise Contact
Media Relations: skn@kijchai.co.th

Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Cautionary Note ENEOS Corporation
The terms “ENEOS”, “ENEOS Group” in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.

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SOURCE TotalEnergies ENEOS Renewables Distributed Generation Asia

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K1 to Exit Irwin, a Leading Investor Relations Platform, in Strategic Sale to FactSet

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Transaction marks K1’s seventh exit of 2024 and will contribute to over $2.9 billion in enterprise value realized YTD

MANHATTAN BEACH, Calif., Oct. 28, 2024 /PRNewswire/ — K1 Investment Management, LLC (“K1”), one of the largest investors in small-cap enterprise software companies, today announced that its portfolio company Irwin, a leading provider of investor relations (IR) and capital markets software, has entered into a definitive agreement to be acquired by FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider. The transaction is expected to close in the coming weeks and marks K1’s second exit to a publicly traded strategic buyer since the summer.

Since K1’s initial investment in 2021, Irwin grew revenue by 4x by introducing new products such as Irwin IQ, expanding into the European market, and securing key partnerships with groups such as FactSet and New York Stock Exchange. This growth has built upon Irwin’s position as a leader in the investor relations software market, becoming a trusted solution for companies and their advisors to streamline investor engagement and relationship management.

“We are proud to have been David Whyte and Mark Fasken’s lead institutional shareholder and to have partnered with them on Irwin’s transformation of the IR landscape,” said Tarun Jain, Principal at K1. “Our focus at K1 is to be the largest investor in small, innovative, and rapidly growing software businesses globally, and helping build them into category leaders that transform their industries. The acquisition of Irwin by FactSet is a testament to the two co-founders, the platform they built and the strength of the partnership we had with them.”

Irwin’s solution is used by IR professionals, who utilize the platform for investor targeting, shareholder monitoring, relationship management, and engagement analytics. The acquisition by FactSet will continue integrating Irwin’s investor relations platform with FactSet’s data, analytics, and research workflows, aiming to offer corporate issuers and IR teams a unified, end-to-end solution to manage their investor relations and capital markets efforts.

“The investment from K1 and subsequent partnership were critical for Irwin to scale as quickly as we did,” said David Whyte, Co-Founder and CEO of Irwin. “K1’s strategic guidance and operational support – as well as their domain experience in enterprise software – have been instrumental in our growth trajectory and this ultimate sale to FactSet. We are excited for this next chapter in our journey and are confident Irwin will continue to see success under FactSet’s ownership.”

The sale of Irwin marks K1’s seventh realization in 2024, and the third sale to a strategic buyer this year. K1 has realized over $2.9 billion in enterprise value year-to-date through notable exits including GoCanvas (sold to Nemetschek Group, FRA: NEM) and Axcient (sold to ConnectWise, a Thoma Bravo portfolio company).

About Irwin
Irwin empowers IR professionals with a purpose-built investor relations and capital markets platform. Our solutions integrate data and intelligent automation to streamline how teams discover and connect with investors, monitor shareholder changes, and manage every interaction. By centralizing data and eliminating administrative tasks, Irwin seeks to free IR teams to focus on strategic engagement and relationship building. Founded and headquartered in Toronto, Canada, Irwin serves a global community of public companies and their advisors who rely on our solutions to manage and enhance their investor relations programs.

For more information, visit www.getirwin.com or follow us on LinkedIn.

About K1
K1 is one of the largest investors in small-cap enterprise software companies. Headquartered in Manhattan Beach, California, K1 partners with strong management teams of high-growth software businesses, utilizing operationally-focused growth strategies to scale portfolio companies. Dedicated to transforming industries and driving productivity, K1 has collaborated with over 240 enterprise software companies since inception.

K1’s exclusive focus, driven by its single team, single office, and single fund strategy, has resulted in realizations for many of its portfolio companies. Examples include Apttus (sold to Thoma Bravo), Axcient (sold to Connectwise, backed by Thoma Bravo), Buildium (sold to RealPage, NASDAQ: RP), Certent (sold to insightsoftware, backed by TA Associates and Genstar), Checkmarx (sold to Insight Partners and Hellman & Friedman), Clarizen (sold to Planview, backed by TA Associates and TPG Capital), FMG Suite (sold to Aurora Capital Partners), GoCanvas (sold to Nemetschek Group, FRA: NEM), Granicus (sold to Vista Equity Partners and Harvest Partners), Inthinc (sold to Orbcomm, NASDAQ: ORBC), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions, NYSE: MSI), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMediam NASDAQ: IHRT), WorkForce Software (sold to Insight Partners, now owned by ADP, NASDAQ: ADP) and Zapproved (sold to Exterro, backed by Leeds Equity).

For more information, visit k1.com and follow K1 Investment Management on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/k1-to-exit-irwin-a-leading-investor-relations-platform-in-strategic-sale-to-factset-302289446.html

SOURCE K1 Investment Management

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