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A space program that never leaves Earth

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GOTHENBURG, Sweden, March 27, 2025 /PRNewswire/ — While others race to the moon and back, the Faroe Islands space program takes a bold new step in space exploration-without ever leaving Earth. One of the largest bearing manufacturers SKF, and ocean energy developer Minesto are launching a space program to harness the Moon’s energy by leveraging the power of the tides. This space program aims to utilize the resources we already have right here on Earth.

“Imagine a future powered by the tides of the Moon. This unique project dares to dream big and is exploring the potential of renewable tidal energy. At SKF we are proud to be a part of this down-to-earth project that aligns with our values and our ambition to create a more sustainable world,” says Annika Ölme, CTO & SVP, Technology Development, SKF.

Over the past year, SKF and Minesto have been pioneering tidal energy using tidal kites in the Atlantic Sea outside the Faroe Islands. The mission is to harness the Moon’s power for predictable and renewable energy. After its successful launch into the ocean, the tidal kite called LUNA is flying underwater, invisibly and silently harvesting energy from the Moon – no matter the weather. Today, only a few of the countries with favorable tidal current conditions are beginning to utilize the full potential of moon generated energy – the most predictable renewable energy source on the globe.

“For us, as a tech development company to work with a global industrial company such as SKF is both a learning experience and an inspiration,” says Martin Edlund, CEO of Minesto. “We estimate there are at least 3000 more “Faroe Islands” out there qualifying for our space program – if they all join, moon energy could replace all coal power capacity currently under development globally.”

The established tidal energy facility – a moon energy base – will kick off the Faroe Islands Space Program, firmly grounded on Earth. The kite Luna has a rated power of 1.2 MW, enough to power 200 villas with electricity for one year. The next goal is to implement a new 200 MW tidal energy facility. This could meet 40% of the expected electricity needs in 2030, providing green electricity to the small, remote island nation’s 50,000 people and 70,000 sheep. Unlocking the power of the tides is a joint work together with power company Sev:

“Our vision is to reach 100% renewable electricity generation by 2030 and we believe that tidal power may prove to become a vital part of this journey,” says Hákun Djurhuus, CEO of the Faroese electricity company Sev.

SKF was brought on board to design the bearing and sealing systems for the rudders and elevators of the kites. The SKF software system calculates, for example, bearing rating life and estimates CO2 emissions, which makes it possible to compare different solutions not only from a technical perspective but also from a sustainability point of view.

“Collaboration across industries is essential for progress. Together with Minesto, we are demonstrating how technology and innovation can drive the transition to renewable energy,” says Annika Ölme, CTO & SVP, Technology Development, SKF.

By framing it as a space program (that never leaves earth), the partners aim to emphasize the importance of exploring how we can harness the Moon’s energy to generate renewable energy through tidal forces—amidst a new space race where many are discussing the potential of extracting resources from space and other planets.

Short facts tidal and ocean energy:

According to the International Energy Agency, 80 % of global electricity currently comes from fossil fuels.By 2050, ocean energy could potentially provide a substantial portion of the energy mix. Ocean energy is local, renewable and tides are predictable, which makes it the perfect partner to more established renewables like wind and solar.Ocean energy Europe estimates that ocean energy can provide 10% of Europe’s electricity and create 400.000 skilled jobs by 2050.

Source:

World Energy Outlook 2024 

Ocean energy – European Commission

Minesto | Ocean energy

Dashboard – Global Energy Monitor  “610 GW Coal Power Capacity Under Development”

Disclaimers 

The mission of the Faroe Islands energy company SEV, to reach 100% renewable energy by 2030, is not indicative of the displayed product’s full supply chain impact.

Calculated on an example villa with an energy consumption of 17.000 kWh/year. For average consumption data, please refer to country- specific sources such as Vattenfall

Aktiebolaget SKF

      (publ)

For further information, please contact:

Press Relations: Press Relations: Sian How, +447970 737470; sian.how@skf.com 
Karin Markhede, +46 70 758 87 30; karin.markhede@skf.com 

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

https://news.cision.com/skf/r/a-space-program-that-never-leaves-earth,c4124396

The following files are available for download:

https://news.cision.com/skf/i/skf-fisp-press-image-kite-launch-16×9,c3391154

SKF FISP Press Image Kite launch 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-kite-night-16×9,c3391158

SKF FISP Press image Kite night 16×9

https://mb.cision.com/Public/637/4124396/b3a6f6438953e925.pdf

About The Faroe Islands Space Program Fact sheet

https://mb.cision.com/Public/637/4124396/b8aa410e2aaf474a.pdf

Annika Ölme – Profile

https://news.cision.com/skf/i/skf-annika-olme-cto,c3391152

SKF Annika Ölme CTO

https://news.cision.com/skf/i/skf-fisp-press-image-cliff-ocean-16×9,c3391153

SKF FISP Press image Cliff Ocean 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-tides-16×9,c3391156

SKF FISP press image Tides 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-employees-group-16×9,c3391157

SKF FISP press image Employees Group 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-kite-info-16×9,c3391159

SKF FISP press image Kite info 16×9

https://news.cision.com/skf/i/skf-fisp-press-image-employees-16×9,c3391160

SKF FISP press image Employees 16×9

https://news.cision.com/skf/i/minesto-chief-executive-officer—martin-edlund,c3391161

Minesto Chief Executive Officer – Martin Edlund

View original content:https://www.prnewswire.co.uk/news-releases/a-space-program-that-never-leaves-earth-302413157.html

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Waystar to Announce First Quarter 2025 Financial Results on April 30, 2025

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LEHI, Utah and LOUISVILLE, Ky., April 7, 2025 /PRNewswire/ — Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, announced today that it will report financial results for the first quarter ended March 31, 2025, after market close on Wednesday, April 30, 2025. The company will discuss its financial results on a conference call at 4:30 p.m. Eastern Time that same day.

A live audio webcast of the conference call will be available on Waystar’s investor relations website at https://investors.waystar.com/news-events/events. The webcast will be archived on the site for those unable to listen in real time.

About Waystar
Waystar’s mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals Honor Roll. Waystar’s enterprise-grade platform annually processes over 6 billion healthcare payment transactions, including over $1.8 trillion in annual gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. Discover the way forward at waystar.com.

Media Contact
Kristin Lee
kristin.lee@waystar.com

Investor Contact
Sandy Draper
investors@waystar.com
502-238-9511

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SOURCE Waystar

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CONVO GPT’s AI Employee “Sara” Delivers Breakthrough Results: Early Adopters Report 300% Increase in Sales Productivity

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GREENVILLE, S.C., April 7, 2025 /PRNewswire/ — Following the successful launch of its revolutionary AI employee “Sara” earlier this month, CONVO GPT reveals impressive performance metrics from early adopters across multiple industries, validating the game-changing potential of its conversational AI technology.

CONVO GPT’s AI Employee “Sara” Delivers Breakthrough Results: Early Adopters Report 300% Increase in Sales Productivity

Real-World Impact: Case Studies Demonstrate Clear ROI

Within just weeks of implementation, companies utilizing CONVO GPT’s AI platform are reporting substantial efficiency improvements:

A mid-sized staffing firm increased candidate placements by 215% without adding recruiters

A mid-sized B2B lending company generated 5.7x more leads while reducing SDR costs by 50%

A SaaS company decreased lead response time from hours to seconds, boosting conversion rates by 172%

“We’re seeing validation across every metric that matters to our clients,” notes Jeremy David, Founder & CEO of CONVO GPT. “Sara doesn’t just replicate human capabilities – in many cases, she’s outperforming entire teams through 24/7 availability, perfect consistency, and instant scalability.”

New Partner Ecosystem Expands Integration Possibilities

CONVO GPT also announces the launch of its partner ecosystem, expanding Sara’s connectivity across popular business platforms:

Key Integration Options:

ChatGPT Integration:Functionality: Automate lead qualification and customer support by integrating Sara with ChatGPT such as pre-qualifying leads before booking appointments.

Implementation: Use Zapier over 7000 integrations to connect workflows with ChatGPT, enabling automated conversational sequences.Custom Chatbots:Functionality: Develop tailored chatbots that interact with customers, gather information, and trigger actions within Sara

Implementation: Utilize Zapier to link Sara with chatbot platforms, facilitating seamless data exchange and workflow automation.Third-Party Services:Functionality: Leverage services that specialize in integrating Sara with AI tools, offering customized solutions for chatbot development and automation.

Implementation: Engage professionals who can set up and optimize these integrations to suit your business needs.

Additionally, Sara now offers native integrations with leading business platforms:

Native connections with CRM systems including Salesforce, HubSpot, and Pipedrive

Direct ATS connections for major recruiting platforms like Bullhorn, JobDiva, and Greenhouse

Enhanced automation through specialized vertical solutions for healthcare, finance, and real estate

“What impressed us most is how seamlessly Sara integrated with our existing tech stack,” explains Maria Chen, COO of TechStaff Solutions, an early adopter. “Within days, we had a fully operational AI recruiter managing our entire candidate pipeline – sourcing, screening, scheduling interviews, and keeping both candidates and hiring managers informed at every step.”

Expanded Capabilities Announced

Building on strong initial feedback, CONVO GPT has fast-tracked several enhanced capabilities:

Enhanced Analytics Dashboard: Real-time performance metrics and ROI calculation

Custom Voice Integration: Option to deploy Sara as a voice agent for phone-based outreach

Compliance Framework: Industry-specific protocols for regulated sectors including finance, healthcare, and legal

Limited Availability Program Continues

Due to extraordinary demand, CONVO GPT is maintaining its controlled rollout approach, accepting new clients through an application process that ensures proper onboarding and success.

“We’re focused on quality over quantity at this stage,” says Jeremy David. “Each implementation receives white-glove support to ensure clients experience the full transformative potential of having Sara as their AI employee.”

Contact Information:

Jeremy David
Founder & CEO, CONVO GPT
Greenville, SC
www.convogpt.ai
+1 (864) 203-6204
press@convogpt.ai

About CONVO GPT

CONVO GPT, a division of JDC USA, delivers next-generation AI automation solutions that transform how businesses approach sales, marketing, and recruitment. Led by Jeremy David, a true mastermind and visionary in the automation and AI space, CONVO GPT helps companies eliminate manual processes, reduce overhead costs, and achieve sustainable growth through intelligent automation. David’s forward-thinking approach and deep expertise in conversational AI has positioned CONVO GPT at the forefront of the business automation revolution.

View original content to download multimedia:https://www.prnewswire.com/news-releases/convo-gpts-ai-employee-sara-delivers-breakthrough-results-early-adopters-report-300-increase-in-sales-productivity-302422360.html

SOURCE CONVO GPT

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Marvell to Sell Automotive Ethernet Business to Infineon for $2.5 Billion in Cash

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Delivers Compelling Financial Returns for Marvell Shareholders

SANTA CLARA, Calif., April 7, 2025 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that it has entered into a definitive agreement under which Infineon Technologies AG (“Infineon”) will acquire Marvell’s Automotive Ethernet business in an all-cash transaction valued at $2.5 billion. This business in fiscal 2026 is expected to generate revenue in the range of $225-250 million. The acquisition includes Marvell’s Brightlane® Automotive Ethernet portfolio and related assets. This transaction has been approved by Marvell’s Board of Directors, and is expected to close within calendar year 2025, subject to customary closing conditions and regulatory approvals.

“Marvell has transformed itself into a leading data infrastructure solutions provider, with the data center end market driving 75% of consolidated revenue in the fiscal fourth quarter of 2025,” said Matt Murphy, Chairman and CEO of Marvell. “We are immensely proud of the progress we have made in organically growing our Automotive Ethernet business. We believe this transaction delivers the strongest financial return for Marvell shareholders, given its compelling valuation. With Infineon’s optimized platform for automotive applications, we are confident the Automotive Ethernet business is well positioned for continued growth and success.”

Marvell plans to discuss the transaction on its upcoming conference call to review its first quarter of fiscal 2026 financial results, which is scheduled for Thursday, May 29, 2025, at 1:45 p.m. Pacific Time.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:

Investors

Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

Media

pr@marvell.com

FGS Global
212-687-8080
Marvell@fgsglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-to-sell-automotive-ethernet-business-to-infineon-for-2-5-billion-in-cash-302422439.html

SOURCE Marvell

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