ZURICH -Friday 23 October 2020 [ AETOS Wire ]

Strong underlying performance

Orders $6.1 billion, -9%; comparable -8%1
Revenues $6.6 billion, -4%; comparable -4%
Income from operations $71 million; margin 1.1%
Power Grids gain of $5.3 billion, pre-tax, recorded in discontinued operations
Operational EBITA1 $787 million; margin1 12.0%
Net income $4.5 billion, +780%, including Power Grids gain
Basic EPS $2.14, +785%2; operational EPS1 $0.21, -36%
Cash flow from operating activities $408 million, after $273 million negative impact from pensions; resilient cash delivery expected for the full year
(BUSINESS WIRE)-- “Third quarter revenues in all business areas were still dampened due to the impact of COVID-19, although a strong recovery in China and ongoing cost mitigation efforts supported a strong underlying performance. On the upside, the integration of GEIS and turnaround of Installation Products in Electrification ... Read more »

The Trusted and Innovative Authority in Video for Leading Organizations Reinvigorates Brand Platform with Total Visual Redesign

BOSTON-Friday 23 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Brightcove Inc. (NASDAQ: BCOV) the global leader in video for business, today announced a complete reimagination of its brand, inclusive of all-new positioning and voice, as well as a bold new graphic identity. The rebrand comes at a time when video is being fully embraced by both consumers and businesses across all sectors. This solidifies the company’s mission to own the video platform conversation globally as the definitive voice on how video is hosted, shared, monetized and experienced, while achieving customers’ goals through its leading technology.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201022005373/en/

Brightcove has been an integral part of the video industry for more ... Read more »

23 grants awarded to organizations worldwide to help build stronger and more inclusive communities

MCLEAN, Va. -Friday 23 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- The Hilton Effect Foundation announced today its 2020 Hilton Effect grantees, which include community-based organizations playing a direct role in COVID-19 pandemic recovery efforts. Through these grants and donations already made by the Foundation, which serves as Hilton’s primary philanthropic arm, the Foundation has now awarded more than $1 million dollars in COVID-19 community response efforts.

“A core part of the Hilton Effect Foundation’s work is to support our communities around the world through both good times and bad,” said Kate Mikesell, president, Hilton Effect Foundation. “From the very start of the pandemic, we have been listening to community leaders about the direct and indirect challenges they are facing as a result of COVID-19. Based on the ... Read more »

Twelve companies from eight countries commit to promote sustainability in AM

HOLLYWOOD, Fla.-Thursday 22 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- The Additive Manufacturer Green Trade Association (AMGTA), a global trade group created to promote the environmental benefits of additive manufacturing (AM), announced today that twelve leading AM companies from eight countries have joined the organization to advance sustainability in AM.

Sintavia, LLC, a leading additive manufacturer focused on the Aerospace, Defense, and Space industry, launched the AMGTA at Formnext 2019. Joining Sintavia as co-founders are Taiyo Nippon Sanso Corporation (one of the operating companies under Nippon Sanso Holdings Corporation), a supplier of stable industrial gases to a wide variety of global industries; and QC Laboratories, Inc., an industrial and commercial non-destructive testing laboratory focused on AM components. These co-founders will determine the strategic dir ... Read more »

HARARE, Zimbabwe-Thursday 22 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow at an accelerated rate and has doubled in the last six months for the company.

The company reports that this accelerated growth is driven by the number of cash collection points being made available during Covid-19. Key partnerships have been formed with companies such as Mukuru and more recently OK Stores to increase its customer footprint into both rural and peri-urban areas and to further extend trading hours.

Pardon Mujakachi, Head of Sub Saharan Africa and Country Director for Zimbabwe at WorldRemit said “We are continuously looking at how we respond to the increasing ... Read more »

The installed base spans residential, commercial, and utility sites on all 7 continents

CAMPBELL, Calif.-Thursday 22 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- This summer, Tigo Energy Inc.’s fleet of monitored module-level power electronics (MLPE) crossed a major milestone – more than 1 GWh of daily solar production. The fleet includes tens of thousands of communicating systems that span all seven continents on sites ranging from single kilowatt residential scale to multi-megawatt utility scale PV installations.

 “This is a significant milestone that’s the result of years of hard work by our team and our amazing network of partners that literally span the globe,” said Zvi Alon, Chairman and CEO of Tigo Energy.

The daily production is tracked using Tigo’s cloud monitoring platform, which has the most granular data visibility available in the market. End customers and installation partners that use Tigo cloud ... Read more »

• World’s most eco-friendly spirits bottle will biodegrade in 18 months

• Bacardi swaps crude oil for seed oil as petroleum-based plastics are replaced by plant-based ‘wonder material’ – a silver bullet in fight against plastic pollution

• Bacardi to eliminate at least 3,000 tons of plastic currently produced annually and help move needle for entire industry by sharing new technology with competitors

HAMILTON, Bermuda-Thursday 22 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Bacardi, the world’s largest family-owned spirits company, has made a giant leap forward in the fight against climate change and plastic pollution today, as it unveils plans to put the world’s most sustainable spirits bottle on shelf by 2023.

The new 100% biodegradable bottle will replace 80 Million plastic bottles – 3,000 tons of plastic – currently produced by Bacardi across its portfolio of brands eve ... Read more »