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Lear Declares Quarterly Cash Dividend
Fifteen years ago I about a different SQUID. Here’s an : Fleeing drivers are a common problem for law enforcement. They just won’t stop unless persuaded—persuaded by bullets, barriers, spikes, or snares. Each option is risky business. Shooting up a fugitive’s car is one possibility. But what if children or hostages are in it? Lay down barriers, and the driver might swerve into a school bus. Spike his tires, and he might fishtail into a van—if the spikes stop him at all. Existing traps, made from elastic, may halt a Hyundai, but they’re no match for a Hummer. In addition, officers put themselves at risk of being run down while setting up the traps. But what if an officer could lay down a road trap in seconds, then activate it from a nearby hiding place? What if—like sea monsters of ancient lore—the trap could reach up from below to ensnare anything from a MINI Cooper to a Ford Expedition? What if this trap were as small as a spare tire, as light as a tire jack, and cost under a grand? Thanks to imaginative design and engineering funded by the Small Business Innovation Research (SBIR) Office of the U. S. Department of Homeland Security’s Science and Technology Directorate (S&T), such a trap may be stopping brigands by 2010. It’s called the Safe Quick Undercarriage Immobilization Device, or SQUID. When closed, the current prototype resembles a cheese wheel full of holes. When open (deployed), it becomes a mass of tentacles entangling the axles. By stopping the axles instead of the wheels, SQUID may change how fleeing drivers are, quite literally, caught. •Company Achieved 50% YoY Revenue Growth & Positive EBITDA CALGARY, AB , Nov. 21, 2024 /PRNewswire/ - Nanalysis Scientific Corp. ("the Company") NSCI NSCIF 1N , a leader in portable NMR machines and MRI technology for industrial and research applications announces third quarter results for the period ending on September 30, 2024 , achieving 50% year-over-year revenue growth to $10.6 million in Q3. Chief Executive Officer Sean Krakiwsky and Chief Financial Officer Randall McRae will host a conference call at 5 P.M. Eastern Time today to discuss the results. A second call will be held for European investors at 8:30am Eastern Time tomorrow, November 22 nd . All interested parties are invited to join these calls. All dollar figures in this press release are in thousands of Canadian dollars, except per share amounts or unless otherwise stated. "We continue to see strength in both of our core business segments, product sales and security services," said Sean Krakiwsky, Founder and CEO of Nanalysis. "We had a solid Q3, as demonstrated by our year over year revenue growth. Within Benchtop NMR we experienced our typical seasonal slowdown in the third quarter. This was partially offset, however, by a large medical imaging sale in the quarter. Our focus on efficiencies in both our manufacturing processes and service delivery is resulting in gross margin improvements and positive EBITDA." Financial highlights for the three months ended September 30, 2024: Three months ended September 30 ($000's) 2024 2023 ($) Change Change Product sales 4,242 3,941 301 8 % Service revenue 5,420 2,629 2,791 106 % Flow-through inventory 908 466 442 95 % Total sales and revenue 10,570 7,036 3,534 50 % Gross margin percentage - product sales 52 % 41 % 11 % Gross margin percentage - service revenue 15 % -3 % 18 % Adjusted EBITDA 264 (1,354) 1,618 Net loss (1,644) (6,287) 4,643 74 % For the three months ended September 30, 2024, the Company reported consolidated revenue of $10,570, an increase of $3,534 or 50% from the comparative period in 2023. Gross margin percentage on product sales was 52% versus 41% for the three months ended September 30, 2024. Improvement in gross margin percentage for Benchtop NMR is materializing, as average selling prices have improved and manufacturing cost reductions started in 2023 and continued in 2024 are taking effect. Security service gross margin percentage in the quarter was 15% versus (3)% in prior year comparative period as the Company completed the full transition of 100% of airports serviced to its control from the incumbent provider in the first quarter of 2024 and expects to increase revenue and drive efficiency within this business through 2024. Adjusted EBITDA for the three months ended September 30, 2024, was $264K versus an Adjusted EBITDA (loss) of ( $1,354K ) in the same period last year. This improvement was driven primarily by full transition of airports to the Company's control resulting in increased security services revenue, the effect of cost reduction initiatives, and slightly improved product sales over the prior year. This was offset partially by a slight decrease in third-party equipment sales. Net loss for the three months ended was $1,644K as compared to the three-month loss for September 30, 2023, of $6,287K. The difference between Adjusted EBITDA and Net loss includes a number of non-cash charges such as depreciation and amortization. Included in Net loss for the three months ended September 30, 2023 , the Company recognized a one-time charge of $2.8 million related to the deconsolidation of its Quad subsidiary. Quarterly Trend: 2024 2023 ($000's) Q3 Q2 Q1 Q4 Product sales 4,242 5,402 4,216 5,450 Security service revenue 5,420 5,265 4,723 3,362 Flow-through parts revenue 908 807 2,223 988 Total revenue 10,570 11,474 11,162 9,800 Adjusted EBITDA 264 414 (362) (774) Net loss for the period (1,644) (1,995) (2,522) (2,123) The Company has demonstrated continuous margin expansion in Security service revenue quarter over quarter, driven by the expansion of the Company's airport security maintenance business as the Company took over more airports from the incumbent service provider, ultimately taking over all airports in Q1 2024. The Company reported positive Adjusted EBITDA in the third quarter of 2024 despite the seasonality effects of the slower summer months. The Company expects this to continue as it works to grow both product sales and security service revenue, while closely managing costs. Net loss was $1,644 in Q3 2024. Net losses are decreasing as the Company has successfully grown revenue and implements cost reduction initiatives. Recent strategic and operational highlights during and after the third quarter of 2024 include: Margin Expansion in both business segments: The Company was able to reap the benefits of cost cutting and drive efficiencies to grow gross margins to 52%, up 11% year over year in product sales and 15%, up 18% year over year in security services from (3%) in the prior year. Consistent Revenue in Airport Security Maintenance Business: The mix between scheduled maintenance, unscheduled maintenance and project work will shift quarterly but should provide a consistent balance of billing. The Company is focused on improving its efficiency and planning related to service delivery in order to increase margins through 2024 and into 2025. Medical Imaging : The Company completed another large medical imaging hardware sale in the quarter contributing to strong product sales in a traditionally slower quarter. Outlook "As we enter the fourth quarter, we have continued strong sales and the hard work we have done to expand our margins is materializing," said Sean Krakiwsky, Founder and CEO of Nanalysis. "Growth initiatives within the Scientific Equipment segment include the development and future launch of new products, developing new software applications, and seeking vertical market partnerships. Our market opportunity is expanding as more industries conclude that NMR, combined with the small size and portability of our products, is an excellent solution for their analysis needs. As we evolve, it is likely that we will reduce effort selling other companies' products, and increasingly focus on sales of our own proprietary products and services. "Within the Security Services segment, we are pursuing several new customer opportunities to leverage our existing capabilities. "Overall, we continue to grow our sales and are laser focused on operational improvements to reach our ultimate goal of profitability. These trends will continue through the rest of the year and into 2025. We have a positive outlook, are executing well, and expect a strong fourth quarter to close out the year." Conference Call: Investors interested in participating in the live full year call can dial 1-800-510-2154 or 437-900-0527-1350 from abroad. Investors can also access the call online through a listen-only webcast here: https://app.webinar.net/qArLoq1oXkG or on the investor relations section of the Company's website HERE . The webcast will be archived on the Company's investor relations webpage for at least 90 days and a telephonic playback will be available for seven days after the conference call by calling 1-888-660-6345 or 289-819-1450, conference ID # 14204. Additionally, the Company will be hosting a Q&A session for its European investors at 8:30am ET tomorrow, Friday , November 22nd, which can be accessed by the following link: Join the meeting now Non-IFRS and Supplementary Financial Measures The Company prepares and reports its consolidated financial statements in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, as adopted by the Canadian Accounting Standards Board (" IFRS "). However, this press release may make reference to certain non-IFRS measures including key performance indicators used by management. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. The Company uses Flow-through parts revenue, Security service revenue, and Adjusted Earnings Before Interest, Tax, Depreciation and Amortization ("Adjusted EBITDA") as non-IFRS measures, which may be calculated differently by other companies. These non-IFRS measure are used to provide investors with a supplemental measure of the Company's operating performance and liquidity and thus highlight trends in the Company's business that may not otherwise be apparent when relying solely on IFRS measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of companies in similar industries. Three months ended September 30 ($000's) 2024 2023 ($) Change Security services revenue 5,420 2,629 2,791 Flow-through inventory revenue 908 466 442 Total Service Revenue 6,328 3,095 3,233 Security services costs 4,627 2,708 1,919 Flow-through inventory costs 908 466 442 Total Cost of Services 5,535 3,174 2,361 Three months ended September 30 ($000's) 2024 2023 ($) Change Net loss (1,644) (6,287) 4,643 Business acquisition costs and contingent consideration loss 5 184 (179) Depreciation and amortization expense 1,098 1,073 25 Finance expense 341 289 52 Stock-based compensation 181 281 (100) Foreign exchange (gain) loss (141) 79 (220) Loss on loss of control of subsidiary - 2,810 (2,810) Loss from associate 305 256 49 Impairment of associate receivable 74 - 74 Restructuring costs 42 82 (40) Current income tax (recovery) expense (22) 13 (35) Deferred income tax expense (recovery) 25 (134) 159 Adjusted EBITDA 264 (1,354) 1,618 Supplementary Financial Measures The Company may also use supplementary financial measures which are intended to be disclosed on a periodic basis to depict the historical or expected future financial performance, cash position, or cash flow of the Company, are not a non-IFRS measure, and are not presented in the financial statements. The measures as discussed in this press release include: Gross margin percentage, which is defined as either (Product sales less Cost of product sold) divided by Product sales or (Security services revenue less Security services costs) divided by Security services revenue About Nanalysis Scientific Corp. NSCI NSCIF FRA:1N1)) Nanalysis Scientific Corp. in operates two primary business segments: Scientific Equipment and Security Services. Within its Scientific Equipment business is what the Company terms "MRI and NMR for industry". The Company develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers or analyzers for laboratory and industrial markets. The NMReady-60TM was the first full-feature portable NMR spectrometer in a single compact enclosure requiring no liquid helium or any other cryogens. The Company has followed-up that initial offering with new products and continues to have a strong innovation pipeline. In 2020, the Company announced the launch of its 100MHz device, the most powerful and most advanced commercial compact NMR device ever brought to market. The Company's devices are used in many industries (oil and gas, chemical, mining, pharma, biotech, flavor and fragrances, agrochemicals, law enforcement, and more) as well as numerous government and university research labs around the world. The Company is working to expand into new global market opportunities independently and with partners. With its partners, the Company provides scientific equipment sales and maintenance services globally. In 2022 the Company was awarded a five-year, $160 million contract to provide maintenance services for passenger screening equipment in Canadian airports. This has resulted in expansion of the Company's Security Services business. The Company is providing airport security equipment maintenance services in each province and territory of Canada. In addition, the Company provides commercial security equipment installation and maintenance services to a variety of customers in North America. Notice regarding Forward Looking Statements and Legal Disclaimer This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. View original content to download multimedia: https://www.prnewswire.com/news-releases/nanalysis-announces-third-quarter-2024-results-302313518.html SOURCE Nanalysis Scientific Corp. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Aircraft Generators Market Powering Aviation Systems with Reliable Energy Solutions 11-23-2024 12:43 PM CET | Industry, Real Estate & Construction Press release from: SkyQuest Technology Group Aircraft Generators Market In recent years, the global Aircraft Generators Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Aircraft Generators Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis. Discover Your Competitive Edge with a Free Sample Report @ https://www.skyquestt.com/sample-request/aircraft-generators-market This Aircraft Generators Market report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. Production and consumption patterns are being carefully compared to forecast the Aircraft Generators Market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. The Aircraft Generators Market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. To determine the growth of the Aircraft Generators Market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns. Market Segmentation: Current type AC Generators and DC Generators Aircraft type Fixed wing and Rotary wing Key Players Covered in the Report: Honeywell International Inc. (US) Dayton-Granger, Inc. (US) Chelton Limited (UK) Lockheed Martin Corporation (US) The Boeing Company (US) Haigh-Farr, Inc. (US) L3 Harris Technologies, Inc. (US) HEICO Corporation (US) Cobham Aerospace Communications (UK) R.A. Miller Industries (US) Sensor Systems, Inc. (US) HR Smith Group of Companies (UK) Collins Aerospace Systems (US) Astronics Corporation (US) Diehl Stiftung & Co. KG (Germany) To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/aircraft-generators-market Essential regions of the Aircraft Generators market are: • Aircraft Generators North America Market includes (Canada, Mexico, USA) • Aircraft Generators Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia) • Aircraft Generators Asia-Pacific Market includes (China, Japan, India, South Korea, Australia) • Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa) • Aircraft Generators South America Market includes (Brazil, Argentina) FAQs: - 1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)? 2. Who are the major manufacturers who dominate the world market? 3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels? 4. What are the market's risks and opportunities? What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Aircraft Generators industry. Take Action Now: Secure Your Aircraft Generators Market Today - https://www.skyquestt.com/buy-now/aircraft-generators-market Objectives of the Study: • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges) • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market Looking ahead, the Aircraft Generators Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Aircraft Generators Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors. Browse Complete Report Aircraft Generators Market 2024 for Better Understanding - https://www.skyquestt.com/report/aircraft-generators-market Table of Contents Global Aircraft Generators Market Research Report 2024-2031 Chapter 1 Aircraft Generators Market Overview Chapter 2 Global Economic Impact on Industry Chapter 3 Global Market Competition by Manufacturers Chapter 4 Global Production, Revenue (Value) by Region Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions Chapter 6 Global Production, Revenue (Value), Price Trend by Type Chapter 7 Global Market Analysis by Application Chapter 8 Manufacturing Cost Analysis Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers Chapter 10 Marketing Strategy Analysis, Distributors/Traders Chapter 11 Market Effect Factors Analysis Chapter 12 Global Aircraft Generators Market Forecast ... About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Contact Us: SkyQuest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ This release was published on openPR.
Google is stepping up its Gemini AI rollout for smart home users, delivering access to a new Gemini-powered feature in the Google Home app. Android users enrolled in Google Home’s Public Preview can now help test that lets you create Google Home automations from natural-language prompts. Here’s how it works: You open the Google Home app, tap the Automations tab, tap Add, then tap “Help me create.” Next, just describe in English (yes, just English, at least for now) what you’d like the automation to do. For example, you could type (or say) “Turn off the lights at 11 p.m. every night,” “Lock all the doors when everyone’s away,” or “Set a meditation time reminder.” Then just tap “Create,” and the Google Home app—with help from Gemini—will compose an overview of a proposed automation. You can then rate the Gemini-created automation, ask for a do-over, or rename and save the routine if you’re happy with it. Gemini can now help create automations based on your natural language queries. Google You’ll also get the chance to edit the main elements of the routine, including its starters (one or more events that trigger the automation), conditions (handy for routines that you only want to run when nobody is home, or at a certain time for day), and actions (what the automations actually does). The new “Help me create” feature is only available for U.S.-based Android users in . You’ll also need to sign up for , a subscription plan that gets you 60 days of video events recorded on Nest security cameras, 10 days of 24/7 video history for the same, intelligent alerts for smoke alarms and other occurrences, and more for $15 a month. “Help me create” is just the latest Gemini-powered feature to make its way to Google Home users. Earlier this week, we learned that some Nest speaker owners had started hearing ; the standard Google Assistant still seems to be handling more mundane tasks. Last month, , which allows you to search your video history using natural language queries. The feature also adds Gemini-generated descriptions to your Nest-captured video clips. Gemini AI has also been granted via an extension for the Gemini app. Ben has been writing about technology and consumer electronics for more than 20 years. A PCWorld contributor since 2014, Ben joined TechHive in 2019, where he has covered everything from smart speakers and soundbars to smart lights and security cameras. Ben's articles have also appeared in PC Magazine, TIME, Wired, CNET, Men's Fitness, Mobile Magazine, and more. Ben holds a master's degree in English literature.
LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Be the first to know Get local news delivered to your inbox!President-Elect Donald Trump announced on Thursday that former Chief of the United States Border Patrol, Rodney S. Scott, will be his nominee for the post of Customs and Border Protection (CBP) Commissioner. In a post on the incoming president’s social media platform Truth Social, Trump cited Scott’s vast experience in immigration policy and his previous service as the agency head for the United States Border Patrol under the prior Trump administration. Trump announced his selection of Scott, saying, “Rodney served nearly three decades in the Border Patrol, building vast experience and knowledge in Law Enforcement and Border Security. Rodney served as the 24th Chief of the U.S. Border Patrol, where he implemented Remain-in-Mexico, Title 42, Safe Third Agreements, and achieved record low levels of illegal immigration.” Scott previously served as the 24 th Chief of the United States Border Patrol before retiring in 2021. His career in the border security agency spanned more than 29 years beginning in Imperial Beach, California within the San Diego Border Patrol Sector in 1992. Scott rose through the ranks serving in multiple Border Patrol Sectors and served as the Chief Patrol Agent for the El Centro Sector. Scott was named Chief of the Border Patrol in 2020 and served in that capacity until his retirement. Scott was instrumental in the development of immigration enforcement policies that drastically led to some of the lowest migrant crossing levels in the agency’s history. Chief Scott’s work was critical to implementing the Migrant Protection Protocols (MPP), also known as “Remain in Mexico,” which allowed CBP and ICE officers to return migrants from a host of different nations to Mexico as their asylum claims moved through the court system. The program was revolutionary and had never been tried before. In addition, Scott worked to create and implement several novel agreements with the Central American northern triangle countries of El Salvador, Guatemala, and Honduras on Asylum Cooperative Agreements (ACA) that allowed for the return of migrants who feared return to their home country to other nearby participating nations. During the COVID-19 pandemic, Scott also worked with Trump staff members on the Title 42 CDC emergency measure, which allowed immigration officers along the border to conduct speedy returns of border crossers to reduce the spread of infection. According to CBP, U.S. Customs and Border Protection employs more than 60,000 employees, and is one of the world’s largest law enforcement organizations. The agency is charged with keeping terrorists and their weapons out of the U.S. while facilitating lawful international travel and trade. Randy Clark is a 32-year veteran of the United States Border Patrol. Prior to his retirement, he served as the Division Chief for Law Enforcement Operations, directing operations for nine Border Patrol Stations within the Del Rio, Texas, Sector. Follow him on X (formerly Twitter) @RandyClarkBBTX.
Michigan aims to cap lost season by beating Ohio State
No. 6 Purdue routs MarshallBy Jennifer Williams, Trenton North Ward Councilwoman The USDOJ’s findings regarding the conduct and enforcement of laws by some members of our Trenton Police Department were appalling and disappointing. The terrible actions described and the lack of reaction and response by our Internal Affairs division must never be allowed to happen again. For Trentonians to follow the established complaint process and not be respected, heard or seemingly deemed worthy of an investigation is unconscionable. To have so many reports of excessive or illegal use of force and violations of the Fourth Amendment to the US Constitution is a travesty. Having gotten to know many of our officers and some our TPD leadership over the past two years, I am confident that TPD will take the DOJ’s reported findings to heart and make the recommended changes needed in order to protect all Trentonians and ensure law enforcement treats EVERYONE equally, justly and safely – while obeying and honoring the US Constitution and our laws. To this end, I am additionally calling upon our TPD to bring back the community policing tactic of walking beats in our neighborhoods and downtown on a regular basis. We must make sure that officers serving our city know the residents they serve and residents know their serving officers. As a retired African American officer said to me, “They must get out of their cars to know the people.” I (and many other Trentonians) agree with him. TPD leadership needs to begin scheduling beat patrols as soon as possible. Trust must be regained between our citizenry and our police force and I can’t think of any better way for that to happen than for us to share the sidewalks of our capital city as was done long ago. Living in a predominantly African American city with a large Latino population, a special responsibility exists to ensure that all citizens’ Constitutional Rights are not violated by our law enforcement personnel as has been historically done in too many parts of the United States. No one should fear for their lives when our police interact with them. However, criminals should fear that our police will legally move heaven and earth to capture them and bring them to justice. Trentonians want better and more reliable police. We already have many qualified, knowledgeable and dedicated officers already on the force. My heart feels for these officers that because of the actions from some of their colleagues, these good and dedicated officers may be looked upon poorly and unfairly. Though this situation taints our police department – when we hear the sirens blare, I believe we will be able to count on our officers to continue risking themselves for us every day. Having recently completed the Trenton Police Department’s Citizens Police Academy with other Trentonians and some of my City Council colleagues, I learned a lot about our department and how it functions. We learned how they respond to calls, how they must make split second use of force decisions and even crime scene investigation procedures. All very important things to learn from the police officer’s perspective. We also learned a great deal about their commitment to uphold the law, protect citizens and their honor with which they serve each day. While there clearly have been officers who fell short of honoring their badge and oath, I believe the vast majority of officers have done their duty well and that the will for reform is there in the police department. In the future, procedures for the dismissal of officers who fall short of their duties and their oath must be more clear-cut. If you violate citizens’ rights, you have to go. Finally, it has long been clear that we must recruit more officers from within our diverse city no matter what they look like, who they are or where they are from. Thankfully, this is already happening with many applications already filed for the next recruiting class. Bravo to Director Steve Wilson and the Trenton Police Department’s Community Affairs team for getting the word out for new officers into our community. As good as that news is, though, new officers will not reverse the sins of the past or create concrete changes such as training, supervision and technological improvements. We will need great financial support and oversight for that. I am calling upon the US Department of Justice and the New Jersey Department of Community Affairs to provide both the funding and oversight needed to bring the Trenton Police Department fully into the 21st Century in every way possible. To not do so sacrifices the chance for real reforms and sentences our city to struggle again as before. I offer my full confidence and support to Mayor Reed Gusciora, Police Director Steve Wilson, and all of our TPD and Administration personnel who will be involved in improving our police department. What was described in the USDOJ report will open many minds to allow reflection on the mistakes that were made. With resolve and desire to change, we can assure this will not happen again in Trenton.A Chinese film set during the Covid-19 pandemic won the top prizes in Taiwan's prestigious Golden Horse Awards, which saw the highest number of entries from China in recent years despite political tensions. Beijing banned its entertainers from joining Golden Horse -- dubbed the Chinese-language "Oscars" -- in 2019 after a Taiwanese director voiced support for the island's independence in an acceptance speech in 2018. China claims Taiwan as part of its territory, which the Taipei government rejects, and Chinese A-listers and big commercial productions have largely avoided the event ever since. Despite the sensitivity of the awards, more than 200 Chinese films entered this year's competition, which Taiwan's Mainland Affairs Council (MAC) said was the highest number in "recent years". Acclaimed Chinese filmmaker Lou Ye was awarded best director late Saturday night for his docu-drama "An Unfinished Film", which was also named best picture. Lou was absent from the ceremony but his wife Ma Yingli read his acceptance speech, describing the film set during China's lockdown of Wuhan in the earliest stages of the pandemic as "the most special directing job I have ever done". Chinese actor Zhang Zhiyong, who also did not attend the awards, won best actor for his performance in Chinese director Geng Jun's same-sex drama "Bel Ami". Hong Kong's Chung Suet-ying was named best actress for her role in "The Way We Talk", which is about the deaf community. Neither "Bel Ami" nor "An Unfinished Film" has been released in China. Ahead of the awards, MAC spokesman Liang Wen-chieh told reporters that these films "may not be able to be screened in mainland China, but they still hope to have a free platform to participate and express themselves". "We welcome (them) very much," he said. - 'Work of conscience' - After several years absence, Chinese stars began trickling back to the awards in Taipei last year, with actress Hu Ling the first to grace the red carpet since the ban. On Saturday, Geng Jun and some of his cast were among the few Chinese entertainers to join stars and filmmakers from around the region, including Taiwan, Hong Kong, Singapore and Japan, on the red carpet. While Geng missed out on best director and best picture, his film "Bel Ami" won the awards for best cinematography and best film editing. Despite political tensions, Golden Horse remained a stage for independent Chinese films that have no distribution space on the mainland, Taiwanese film critic Wonder Weng told AFP. "This spirit remains unchanged. I think the Golden Horse Awards have always insisted on being the benchmark" that is open to all subjects, said Weng, who is a board member of Taiwan Film Critics Society. Weng said "An Unfinished Film" by Lou, who has previously taken on forbidden subjects such as gay sex and the 1989 Tiananmen protests, was "a work of conscience". Lou's latest offering is about a film crew trying to resume shooting a movie during the Covid-19 pandemic in Wuhan, as the city was placed in an unprecedented lockdown. "Lou put images that are banned or blocked into his work and reminds us that there is a director who is willing to preserve historical images for us to see... and let us know there is a different voice," Weng said. aw/amj/dhcWhat could change with the latest VA Disability Reform Bill that made the House?
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"As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."Jim and John Harbaugh's parents have a very good reason for missing their sons' Ravens-Chargers matchupWoodward WWD released its Q4 earnings on Monday, November 25, 2024 at 04:00 PM. Here's what's important from the earnings announcement. Earnings Woodward beat estimated earnings by 13.0%, reporting an EPS of $1.41 versus an estimate of $1.25. Revenue was up $77.42 million from the same period last year. Previous Earnings Records During the previous quarter, the company beat on EPS by $0.12, leading to a 17.0% drop share price change the next day. Here's a look at Woodward's past performance: Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023 EPS Estimate 1.51 1.32 1.10 1.31 EPS Actual 1.63 1.62 1.45 0.84 Revenue Estimate 853.82M 807.00M 748.29M 765.35M Revenue Actual 847.69M 835.34M 786.73M 777.07M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance Woodward management provided guidance for FY 2025, expecting earnings between $5.75 and $6.25 per share. To track all earnings releases for Woodward visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None
The contest between No. 16 Colorado and Kansas was full of emotion on Saturday. The Buffaloes entered the contest with hopes of making the Big 12 Championship Game and College Football Playoff. Josh Pace with CBS Sports had put Colorado on upset alert before the game, as Kansas had defeated two ranked opponents, including then-undefeated No. 6 BYU, in their last two games. Colorado struggled early on during the matchup at GEHA field at Arrowhead Stadium in Kansas City, Missouri. A feisty Kansas team led Colorado 23-14 at halftime. In the third quarter, with Colorado trailing 30-21, Buffaloes quarterback Shedeur Sanders had a moment he might regret. On third-down and one, he took a five-yard sack. While down on the ground, a couple of the defenders were celebrating the play while getting up, and one of Kansas' defenders tripped over the expected future first-round NFL quarterback. Nick Tre. Smith-Imagn Images When he eventually got up, Sanders took issue with one of the officials blocking him from getting the face of the Jayhawks and chose to shove the official, as captured by a Fox Sports video . Things are getting chippy between Colorado and Kansas pic.twitter.com/lXXEaDTX0a The officials did not throw a penalty on Sanders for the shove. Sanders had been upset with other hits he had taken during the game. He took a helmet to the knee earlier in the contest. Related: No. 16 Colorado Issued Warning Before Playing Kansas
Chinese film about Covid-19 wins Taiwan's top Golden Horse prizes
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