Impact Coatings Receives Order from Feintool (China) for INLINECOATER IC2000 for Fuel Cell Coatings
Shares of Nukkleus Inc (NUKK) rocketed over 12x on Tuesday after the fintech firm announced it has acquired a 51% controlling stake in Star 26 Capital Inc., a defense acquisition company holding 95% ownership in RIMON. RIMON is an Israeli supplier of critical components for the Iron Dome missile defense system, and other defense and tactical solutions. Following the announcement and the subsequent surge in share price, the stock became the top trending ticker on Stocktwits. Despite the huge rally, the stock is still far from its one-year high of about $86. Nukkleus said the transaction was finalized on Dec. 15, 2024. The total purchase price stood at $26 million, including cash, a promissory note for Nukkleus's common stock, and warrants to purchase additional shares of the common stock. The firm said the acquisition also includes an option agreement that permits Nukkleus to acquire the remaining equity in Star 26 at a later date. With the acquisition, Nukkleus said it gained control over RIMON's diversified operations, including two key business lines: the distribution of generators, masts, and lighting solutions and the development of tactical vehicles. CEO Manny Shalom said the acquisition of Star 26 and RIMON aligns with the firm’s strategic pivot to capitalize on opportunities in the defense sector, which has seen rapid growth due to geopolitical shifts in the Middle East and the war in Ukraine. “This has resulted in a surge of investments and acquisitions in Israeli defense firms such as PARAGON and PROTEGO, alongside a 120% increase in Israel's defense indices and a 38% rise in similar indices in the US,” Shalom said. Nukkleus also said it plans to integrate Star 26 operations into its business structure and will explore further growth opportunities. It seeks to broaden its activities into other sectors, serving as a merchant bank for companies in banking, U.S. real estate, and technology-populated co-working space campus locations. Meanwhile, the massive rally in the stock price led to a surge in retail chatter on Stocktwits. Most followers of the ticker expressed enthusiasm. Interestingly, NUKK stock has lost over 33% on a year-to-date basis despite the surge on Tuesday. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
The Dallas Cowboys ruled out right guard Zack Martin and cornerback Trevon Diggs with injuries on Saturday, one day prior to a road game against the Washington Commanders. Martin has been dealing with ankle and shoulder injuries and didn't practice at all this week before initially being listed as doubtful to play on Friday. He also physically struggled during Monday night's loss to the Houston Texans. Martin, who turned 34 on Wednesday, has started all 162 games played in 11 seasons with the Cowboys. He's a nine-time Pro Bowl selection and a seven-time first-team All-Pro. Diggs has been dealing with groin and knee injuries. He was listed as questionable on Friday before being downgraded Saturday. Diggs, 26, has 37 tackles and two interceptions in 10 games this season. The two-time Pro Bowl pick led the NFL with 11 picks in 2021 and has 20 in 57 games. The Cowboys elected not to activate receiver Brandin Cooks (knee) for the game. He returned to practice earlier this week and he was listed as questionable on Friday. Dallas activated offensive tackle Chuma Edoga (toe) and defensive end Marshawn Kneeland (knee) off injured reserve Saturday, placed safety Markquese Bell (shoulder) on IR and released defensive end KJ Henry. Tight end Jake Ferguson (concussion) was previously ruled out. Tight end Princeton Fant was elevated from the practice squad to replace him. Cornerback Kemon Hall also was elevated from the practice squad. --Field Level MediaLive: Minister absent on crucial day as climate talks near collapse
What started as an evening of celebration for Manchester City ended with the four-time defending Premier League champion conceding four goals and falling to a fifth-straight loss in all competitions as it faces a deepening crisis in a season that is threatening to unravel. A 4-0 defeat to Tottenham on Saturday left City five points behind league leader Liverpool, having played a game more. Two goals from James Maddison inside 20 minutes at the Etihad Stadium stunned the home crowd, which had been treated to a light show before kickoff to mark midfielder Rodri winning the Ballon d'Or award for the best soccer player in the world. With manager Pep Guardiola also having signed a two-year contract extension this week, there was double reason to celebrate. But its latest loss highlighted City's onfield problems that Guardiola is struggling to stop . Pedro Porro scored a third for Tottenham after halftime and Brennan Johnson added a fourth in the third minute of stoppage time. Defeat extended what was already his worst losing streak in a glittering coaching career at Barcelona, Bayern Munich and City. It also handed Liverpool a perfect opportunity to tighten its grip on the title race when it plays last-place Southampton on Sunday. Rivals are also closing in on second-place City, with Chelsea, Arsenal and Brighton all winning on Saturday to move within a point of Guardiola's team. After losses to Tottenham, Bournemouth, Sporting Lisbon and Brighton, City was looking to get the season back on track with a win that would have closed the gap to Liverpool to two points. But a flying start from Spurs soon put the home team on course for another loss as Maddison volleyed in from close range in the 13th minute and produced a delicate finish to lift the ball over Ederson for his second in the 20th. Porro blasted in a third after a swift counter in the 52nd and Johnson completed City's misery. Chelsea, Arsenal and Brighton are six points behind Liverpool after taking the chance to keep the pressure on Arne Slot’s team. Third-place Chelsea beat Leicester 2-1 in the early kickoff and Arsenal, in fourth, won 3-0 against Nottingham Forest. Fifth-place Brighton won 2-1 at Bournemouth to maintain its outstanding start to the season under new coach Fabian Hurzeler . Nicolas Jackson and Enzo Fernandez put Chelsea on course for victory at King Power Stadium, with Jordan Ayew scoring for Leicester with a second-half stoppage-time penalty. Jackson showed good close control in the box before firing Chelsea in front with a clever finish in the 15th minute. It was the Senegal striker’s seventh goal in 13 appearances this season. Fernandez headed in Chelsea’s second in the 75th after Jackson’s header was saved by goalkeeper Mads Hermansen. Ayew’s penalty came too late for Leicester to mount a fightback. Mikel Arteta celebrated his 250th game in charge of Arsenal in style with victory against Forest. It was his 147th win in all competitions — more than any Arsenal manager after the same number of games. Club great Arsene Wenger won 136 of his first 250 games. Bukayo Saka put Arsenal ahead in the 15th at the Emirates Stadium and Thomas Partey added a second seven minutes into the second half. The 17-year-old Ethan Nwaneri scored his first Premier League goal for the club in the 86th. Brighton's impressive run continued with victory at Bournemouth to keep it just outside the Champions League places on goal difference. U.S.-born Hurzeler was hired in June and has made an immediate impact. Joao Pedro and Kaoru Mitoma put Brighton 2-0 up at the Vitality Stadium, with David Brooks pulling a goal back for Bournemouth in stoppage time. Aston Villa's winless run was extended to six games after a 2-2 draw with Crystal Palace. And it could have been worse for Unai Emery's team, which twice came back from a goal behind at home. Palace, which is third from bottom of the standings, twice led in the first half through Ismaila Sarr and Justin Devenny. Ollie Watkins and Ross Barkley leveled for Villa on each occasion. Villa hasn't won since beating Bologna 2-0 in the Champions League on Oct. 22. It has lost four of its last six games in all competitions and is seventh in the standings. Trailing 1-0 at Fulham, Wolves powered back to win 4-1 at Craven Cottage and climb out of the relegation zone. Wolves is in 17th place and one point above the drop zone after its second league win of the season. Alex Iwobi put Fulham ahead, but two goals from Matheus Cunha and strikes from Joao Gomes and Goncalo Guedes saw Wolves secure back-to-back wins in the league and extend the team's unbeaten run to four games. Everton drew 0-0 with Brentford. James Robson is at https://twitter.com/jamesalanrobson AP soccer: https://apnews.com/hub/soccerDemocrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contest
Our HS sports photos like the ones above put you right up close with the action and the whole experience. Check them out by clicking anywhere in the collage above to open the photo gallery. Don’t forget to share the gallery with friends and relatives.These photos are also available for purchase in a variety of sizes and finishes – just click the “BUY IMAGE” link below any photo to see available options and make a purchase. NJ.com subscribers can also get free print-quality digital downloads of any images in this gallery. Note: Because we are trying to make these galleries available for viewing as quickly as possible, the gallery may not be in its final form. If you only see a few photos, you are probably seeing an early version and more photos will be added later. Please return and refresh the page to see additions. RECOMMENDED • nj .com Football photos: No. 9 Phillipsburg vs. No. 4 Winslow in the Group 4 final, Dec. 4, 2024 Dec. 4, 2024, 8:14 p.m. Football photos: No. 16 Mainland vs. No. 14 Old Tappan in Group 3 final, Dec. 1, 2024 Dec. 1, 2024, 2:02 p.m. Mobile device users: For the best experience downloading high-resolution images (available free and to subscribers only) and making photo purchases, it’s best to visit this page from your desktop or laptop computer. The N.J. High School Sports newsletter is now appearing in mailboxes 5 days a week. Sign up now! Follow us on social: Facebook | Instagram | X (formerly Twitter)An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on
Wright runs for 118 yards and 2 TDs, No. 13 Illinois State gets 1st win over North Dakota, 35-13Justin Herbert threw three touchdowns as the Los Angeles Chargers booked their place in the NFL playoffs with a blowout 40-7 win at the New England Patriots on Saturday. The Patriots, who suffered a sixth straight loss, were booed off the field by the remaining fans at Gillette Stadium as they fell to 3-13 on the season. But for the Chargers it was a job well done as the confident Herbert ensured a second post-season place in three seasons with another accomplished quarterback display. Herbert completed 28 of 38 passes and threw for 281 yards against a Patriots defense that caused few issues against the passing game. The Chargers took the lead late in the first quarter thanks to a beautiful 23-yard Herbert pass, superbly caught by the diving Derius Davis. After a Cameron Dicker field goal early in the second, Herbert found rookie receiver Ladd McConkey at the back of the end-zone with a pinpoint pass to make it 17-0. Patriots rookie quarterback Drake Maye had been forced out of the game in the first quarter after suffering a hit to the head by Cam Hart when running down the sideline. But Maye, who had been cleared to return for the second quarter, showed he was in good shape with a fine 36-yard touchdown pass to DeMario Douglas to give the Patriots some hope. But the Chargers ran away with the game with Herbert again connecting with McConkey, this time with a 40-yard pass down the middle and a two-yard rush from J.K Dobbins in the fourth completed the rout. Herbert's performance meant he set a new record for the most passing yards in the first five years of an NFL career -- passing Peyton Manning's tally of 20,618 yards. But the quarterback, who has yet to win a playoff game, was quick to give credit for his achievement to his team-mates. "It says so much about the guys we had catching those passes and a great offensive line giving me the time to get the ball off and (the defense) getting me the ball back," he said. "I couldn't have done it without them," he added. The Denver Broncos can clinch a place in the playoffs when they face the Bengals in Cincinnati later on Saturday. sev/nf
RTE Late Late Toy Show Appeal raises incredible charity sum in memory of late Saoirse Ruane & special €150k gestureHacker scores 21, Bellarmine beats NAIA Brescia 94-66
Prime Minister Narendra Modi on Saturday hailed the BJP-led alliance's sweeping victory in Maharashtra as popular endorsement of its governance model and rejection of the Congress' "lies and deceit", as he accused the Gandhi family of spreading the "poison of casteism and divisiveness". Buoyed by the NDA's unprecedented scale of win in the politically prized state, PM Modi flayed the Congress for "betraying" the Constitution's secular principals and cited the Waqf Act, which his government is seeking to amend, as an example of its "appeasement politics". The Congress has tried to inflict capital punishment on true secularism, he claimed, asserting that the Waqf law has no place in the Constitution. Reiterating his call for "ek hain to safe hain" (we are safe if united), he said this is the biggest message from Maharashtra after the Haryana polls and it has become the country's "mahamantra". It is becoming increasingly difficult for the Congress to come to power on its own, he said, dubbing the opposition party as parasitic. The Congress and its allies tried to divide people with lies and deceits, he said in an apparent reference to their claim of threat to the Constitution from the BJP, a plank which harmed the ruling party in the Lok Sabha polls in a few states, but were rejected. The Congress' priority is only family, he said in a swipe at the party's Gandhi family and not people of the country. The royal family is now spreading the poison of casteism, he added. A family's hunger for power has gone up so much that it has eaten up the party, he said, claiming that fire of disaffection is surging with the Congress as many of its own leaders no longer identify with its existing values. When it comes to good governance, people trust only the BJP, he said, noting that the party has also put up an impressive show in the bypolls held across the country. It is a historic stamp on the BJP's governance model, he said. "Development, good governance and true social justice have won. Lies, deceit, divisive forces, negative politics and nepotism have suffered a big defeat," he said of the Maharashtra poll results. People have preferred stability and the state has broken all records in its support of the BJP-led alliance, he added. In a swipe at the longtime BJP ally-turned-bitter rival Uddhav Thackeray, who heads a Shiv Sena faction, he said the leaders who resorted to betrayal and tried to create instability have been roundly rejected by people. He said the Congress allied with Uddhav Thackeray but the party and its leaders could not speak in support of the policies of his father Bal Thackeray, a leading Hindtutva voice of his time. With the Delhi Assembly polls round the corner, PM Modi highlighted the popular support for the BJP in major cities in many states and emphasised on his party's agenda for making Indian cities among the best in the world. His government has been working to boost urban infrastructure by launching new metro trains, highways and electric buses, he said, describing cities as engines of development that also strengthens villages. The urban region's support to the BJP is a message for modern India and a rejection of those putting obstacles in its development, said PM Modi. Urban India wants ease of living and it trusts the BJP, he added. The prime minister noted that Maharashtra has become the sixth state where people have elected the BJP to power for a third straight term, stressing that it underscores people's truth in its good governance model. The BJP-led alliance had won a majority in the 2019 assembly polls in Maharashtra but its then ally Thackeray joined hands with the opposition to form government, which fell in 2022, paving the way for the saffron party to power as it allied with the faction headed by Eknath Shinde, who became the chief minister. "The Congress and its ecosystem had thought that by spreading lies in the name of the Constitution, they could divide the Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBC) in small groups. This is a solid slap on their faces," said PM Modi. The Congress and its allies have failed to grasp the changed realities of the country's mood, as voters do not want instability and believe in "nation first" and not in those preferring "kursi first". The voters in Maharashtra also evaluated the Congress on the basis of the false promises made in other states like Karnataka, Telangana and Himachal Pradesh, he added. "Neither their false promises nor their dangerous agenda worked in Maharashtra," PM Modi said. The prime minister said the Maharashtra election also shows that only one Constitution will work in India and that was given to the people of the country by B R Ambedkar. The Congress and its allies were again trying to create a wall of Article 370 of the Constitution in Jammu and Kashmir, he said. "I want to say this to the Congress and its allies that no force in the world can bring back Article 370 and insult our Constitution," PM Modi said. His party has respected the country's values and traditions, and India will now advance with the mantra of "vikas aur virasat" (development and heritage), PM Modi said. The Congress, he said, has been stoking divides in the name of region and caste, and that its espousal of urban naxalism has become a challenge for the country. The remote control of this urban naxalism is outside the country, he said. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
NA passes NA Secretariat Employees (Amendment) Bill, 2024 NA also passes Nippon Institute of Advanced Sciences Act, 2024 ISLAMABAD: The National Assembly (NA) on Tuesday passed the NA Secretariat Employees (Amendment) Bill, 2024, which amends the National Assembly Secretariat Employees Act, 2018. The bill was moved by Syed Naveed Qamar as private member bill. Minister for Parliamentary Affairs Azam Nazir Tarar said according to the bill, appointments for positions up to grade 15 in the NA secretariat would be made through advertisements to ensure merit-based hiring and appointments would be conducted through Public Service Commission. The NA also passed the Nippon Institute of Advanced Sciences Act, 2024. As many as eleven bills were laid in the NA and referred to the committees concerned by the chair for further consideration. The bills introduced include the Code of Criminal Procedure (Amendment) Bill, 2024, the Protection of Rights of Regularized Civil Servants and Employees Bill, the Westminster University of Emerging Sciences and Technologies, Islamabad Bill, 2024, the Criminal Laws (Amendment) Bill, 2024, (Section 498AA), the Code of Civil Procedure (Amendment) Bill, 2024, (Section 54A), the Corrosive Substances Assault (Prevention and Protection) Bill, 2024, the Climate Accountability Bill, 2024, the Pakistan Electronic Media Regulatory Authority (Amendment) Bill, 2024, the Code of Criminal Procedure (Amendment) Bill, 2024,(Amendment of Schedule II), the Pharmacy (Amendment) Bill, 2024 and the Ghurki Institute of Science and Technology Bill, 2024. Asiya Naz Tanoli, however, later withdrew the Drug Testing in Educational Institutions Bill, 2024.None
PEACHTREE CITY, Ga. , Dec. 17, 2024 /PRNewswire/ -- Rinnai America Corporation , a leading brand of tankless water heaters in North America , strongly opposes U.S. Department of Energy's (DOE) amended final rule on efficiency standards for tankless water heaters and urges the incoming administration to consider all implications and reverse the rule. The final rule will unreasonably restrict consumer access to certain tankless water heater products, disproportionately impact middle-income households and small businesses, and jeopardize hundreds of American jobs. The DOE's final rule raises standards for tankless to a condensing level of 91 percent, while tanked gas-fired water heaters remain subject to significantly lower non-condensing standards. While tankless water heaters are the more environmentally friendly option, achieving 91 percent efficiency with non-condensing technology is technologically impossible. "As published, the DOE's rule will create an uneven market that favors less energy efficient gas-fired tanked water heaters," said Frank Windsor , president of Rinnai America Corporation. "Consumers who rely on access to affordable tankless water heaters will see their options limited, forcing many to switch back to traditional tank-style water heaters, which are far less efficient at around 70 percent. This shift will result in higher energy bills and maintenance costs, while undermining the very environmental goals that prompted this rule. It will also potentially impact hundreds of American jobs that have been created in recent years. We urge the incoming administration to reconsider this egregious government overreach and reverse this rule that negatively impacts consumers, American workers, and the environmental goals it is intended to achieve." Rinnai America Corporation employs over 550 people across the United States at its headquarters, manufacturing facilities, and distribution centers. In the last five years, Rinnai has invested more than $100 million as part of its commitment to developing a strong domestic manufacturing base to serve the North American market. For more information on Rinnai and its portfolio of products, visit www.rinnai.us . About Rinnai: Rinnai America Corporation, a subsidiary of Rinnai Corporation in Nagoya, Japan , was established in 1974 and is headquartered in Peachtree City, Georgia . Rinnai Corporation manufactures gas appliances, including tankless water heaters, a wide range of kitchen appliances, and heating and air conditioning units. As the technology leader in its industry, Rinnai is the largest gas appliance manufacturer in Japan and is a top selling brand of tankless gas water heaters in the United States and Canada . Annual corporate revenues, including those of its subsidiaries, are in excess of $3 .3 billion. With a global perspective to create 21st-century products for the home and business, Rinnai Corporation commits itself to safety and Creating a healthier way of living®. For more information about Rinnai's entire product line, visit rinnai.us . Copyright 2024. All rights reserved. Rinnai® and Creating a healthier way of living® are the registered trademarks of Rinnai Corporation used under license by Rinnai America Corporation. SOURCE Rinnai America CorporationRecord annual Sales of $637.8 million Fourth quarter Sales of $155.4 million, Net Income of $7.7 million and EPS of $0.20 Fourth quarter EBITDA 1 of $20.6 million, 13.3% of sales Free Cash Flow 1 of $21.7 million for the quarter and $53.8 million for the year Quarterly dividend of $0.105 per common share to be paid December 31, 2024 TORONTO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC) today announced results for its fourth quarter and year ended September 30, 2024. In addition, Exco announced a quarterly dividend of $0.105 per common share which will be paid on December 31, 2024 to shareholders of record on December 17, 2024. The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada. 1 Free Cash Flow and EBITDA are non-GAAP financial measures. Please see “Non IFRS Measures” section of this press release and separately released MD&A. “Exco delivered resilient results despite challenging market conditions, showcasing progress in innovation and operational improvements. While automotive headwinds impacted our performance this quarter, we remain exceptionally well positioned for strong earnings growth in the coming years.” Consolidated sales for the fourth quarter ended September 30, 2024 were $155.4 million compared to $160.2 million in the same quarter last year – a decrease of $4.7 million, or 3%. Foreign exchange rate movements increased sales by $2.6 million in the quarter. Fourth quarter sales in the Automotive Solutions segment of $79.2 million were down 10% from the prior year quarter. Excluding the impact of foreign exchange, segment sales decreased $9.8 million, or 11%. The sales decrease was driven by lower automotive production volumes in North America and Europe, customer driven delays in certain program launches, and unfavorable vehicle mix. Looking forward, industry growth may be tempered near term by increasing OEM inventory levels, elevated interest rates, relatively high vehicle average transaction prices, and softening global economic conditions. Countering these headwinds, central banks are lowering interest rates, vehicle sales have remained resilient, dealer inventory levels remain below pre-COVID-19 levels, vehicle fleets continue to age, and OEM incentives are rising. As well, Exco’s sales volumes are expected to benefit from awarded program launches that should provide ongoing growth in our content per vehicle. Quoting activity also remains encouraging and we believe there is ample opportunity to achieve our targeted growth objectives. The Casting and Extrusion segment recorded sales of $76.3 million in the fourth quarter compared to $72.6 million last year – an increase of $3.7 million or 5%. Excluding the impact of foreign exchange movements, the segment’s sales were up 3% for the quarter. Demand for our extrusion tooling remained relatively resilient in both North America and Europe, though activity slowed through the quarter with key end markets such as building and construction as well as automotive showing signs of softer conditions. Other end markets such as sustainable energy however remain firm. We remain focused on standardizing manufacturing processes, enhancing engineering depth and centralizing critical support functions across our various plants. These initiatives have reduced lead times, enhanced product quality, expanded product breadth and increased capacity, contributing to share gains in our core markets. Management continues to develop its Castool Morocco and Mexico locations which provide the opportunity to gain market share in Europe and Latin America through better proximity to local customers. In the die-cast tooling market, which primarily serves the automotive industry, demand and order flow for new moulds, associated consumable tooling and rebuild work remained firm during the quarter, though slowed slightly from recent activity. Industry vehicle production volumes remain relatively healthy and new, more efficient internal combustion engine/transmission platforms are being launched, including an increase in hybrid powertrain platforms. Battery electric platforms continue to be developed, albeit at a slower pace compared to prior expectations. Demand for associated giga-sized tooling has similarly pulled back, although management continues to expect this market segment will see significant growth in the coming years. We have reworked our plants and equipment to accommodate this larger tooling and believe we have the most advanced capabilities among our competitors globally. Our leading market 3D printing group continued strong sales activity supported by six additive printers. As well, our pace of innovation within this market is clearly gaining momentum, yielding more and more applications for our additively printed tooling components. Consequently, demand for Exco’s 3D printed tooling continues to grow strongly as customers focus on greater efficiency in all large mould size segments – ie for both giga and non-giga sized die-cast machines. Sales in the quarter were also aided by price increases, which were implemented to protect margins from higher input costs. Quoting remains very active and our backlog for die-cast moulds remains elevated relative to historical norms. The Company’s fourth quarter consolidated net income decreased to $7.7 million or earnings of $0.20 per share compared to $9.2 million or earnings of $0.24 per share in the same quarter last year. The effective income tax rate was 26% in the current quarter compared 25% in the same quarter last year. The change in income tax rate in the quarter was impacted by geographic distribution, foreign tax rate differentials and losses that cannot be tax affected for accounting purposes. Fourth quarter pre-tax earnings in the Automotive Solutions segment totalled $7.8 million, a decrease of $2.1 million or 22% over the same quarter last year. Variances in period profitability were due to lower sales, product mix shifts, rising labour costs in all jurisdictions and foreign exchange movements. Labour costs in Mexico have been particularly challenging in recent years and are seeing added pressure given the significant rise in wages. Vehicle production volumes and product releases however remain relatively stable, which has led to improvements in labour scheduling and reduced expedited shipping costs. As well, pricing action and efficiency initiatives continued to temper inflationary pressures. Although production volumes have largely stabilized from a macroeconomic and global perspective from recent years, volumes in the segment’s first quarter are expected to follow typical seasonality trends due to OEM December holidays. Apart from these specific impacts, management is cautiously optimistic that its overall cost structure should improve margins in coming quarters. Pricing discipline remains a focus and actions are being taken on current programs where possible, though there is typically a lag of a few quarters before the impact is realized. As well, new program awards are priced to reflect management’s expectations for higher future costs. Fourth quarter pre-tax earnings in the Casting and Extrusion segment totalled $6.3 million, an increase of $1.0 million or 18% over the same quarter last year. The Pretax Profit improvement is due to higher sales volumes within the die-cast and extrusion end markets, program pricing improvements, favorable product mix, and efficiency initiatives across the segment (including the ongoing use of lean manufacturing and automation to improve productivity through standardization and waste elimination). In addition, volumes at Castool’s heat treatment operation continue to increase providing savings and improved production quality while efficiency initiatives at Halex are progressing. Offsetting these cost improvements were ongoing start-up losses at Castool’s greenfield operations and an increase in segment depreciation ($0.5 million for the quarter) associated with recent capital expenditures. Management remains focused on reducing its overall cost structure and improving manufacturing efficiencies and expects such activities together with its sales efforts should lead to improved segment profitability over time. The Corporate segment in the fourth quarter recorded expenses of $2.0 million compared to $0.8 million last year was primarily due mainly to higher foreign exchange gains in fiscal 2023. As a result of the foregoing, consolidated EBITDA in the quarter was $20.6 million (13.3% of sales) compared to $22.9 million (14.3% of sales) last year. Operating cash flow before net changes in working capital was $16.7 million in the quarter compared to $23.5 million in the prior year quarter. The primary drivers on operating cash flow include a $5.0 million change in deferred income taxes, lower net income and interest expense. Fourth quarter net change in non-cash working capital contributed $12.2 million of cash compared to $5.9 million cash used in fiscal 2023. Improvements to working capital were driven primarily by lower accounts receivable due to management’s focus on collections throughout the year, slightly lower fourth quarter sales, and due to customer payment delays in 2023 due to the UAW strike. This improvement was partially offset by lower accounts payable reflecting significant payables in the prior year. Investment in fixed assets of $8.7 million compared to $9.6 million in the prior year quarter. Included in the current year quarter is $3.3 million in growth capital. The difference relates to timing of equipment purchases and the completion of major projects from the prior year. Exco ended the quarter with $73.4 million in net debt compared to $94.2 million in the prior year. The Company has $46.5 million in available liquidity under its banking facilities at year end. Outlook By the end of fiscal 2026, Exco is targeting to produce approximately $750 million annual revenue, $120 million annual EBITDA and annual EPS of roughly $1.50. Exco has made significant progress towards achieving these targets since they were announced in Fiscal 2021 and continues to believe its targets remain obtainable. These targets are expected to be achieved through returns on greenfield and strategic initiatives, the launch of new programs, general market growth, and also market share gains consistent with the Company’s operating history. Despite current macro-economic challenges, including slightly increasing levels of unemployment, relatively high interest rates, persistent inflation, policy shifts which may occur related to the US election, the overall outlook is favorable across Exco’s segments into the medium term. Consumer demand for automotive vehicles remains stable in most markets. And while dealer inventory levels have been increasing, average transaction prices for both new and used vehicles remain firm, incentives are increasing and the average age of the broader fleet has continued to increase. This bodes well for strong levels of future vehicle production and the sales opportunity of Exco’s various automotive components and accessories. In addition, OEM’s are increasingly looking to the sale of higher margin accessory products as a means to enhance their own levels of profitability. Exco’s Automotive Solutions segment derives a significant amount of activity from such products and is a leader in the prototyping, development and marketing of the same. Moreover, the movement towards an electrified and hybrid fleet for both passenger and commercial vehicles is enticing new market entrants into the automotive market while causing traditional OEM incumbents to further differentiate their product offerings, all of which is driving above average opportunities for Exco. With respect to Exco’s Casting and Extrusion segment, the intensifying global focus on environmental sustainability has created significant growth drivers that are expected to persist through at least the next decade. Automotive OEMs are utilizing light-weight metals such as aluminum to reduce vehicle weight and reduce carbon dioxide emissions. This trend is evident regardless of powertrain design - whether internal combustion engines, electric vehicles or hybrids. As well, a renewed focus on the efficiency of OEMs in their own manufacturing process is creating higher demand for advanced tooling that can enhance their profitability and sustainability goals. Certain OEM manufacturers have begun utilizing much larger die cast machines (“giga-presses”) to cast entire vehicle sub-frames using aluminum-based alloy rather than stamping, welding, and assembling separate pieces of ferrous metal. Exco is in discussions with several traditional OEMs and their tier providers who appear likely to follow this trend. While the growth of EV’s in North America and Europe has been delayed from prior expectations, contributing to a slower adoption of giga-presses, Exco nonetheless continues to expect these trends will occur and has positioned its operations to capitalize accordingly. Beyond the automotive industry, Exco’s extrusion tooling supports diverse industrial end markets which are also seeing increased demand for aluminum driven by environmental trends, including energy efficient buildings, solar panels, etc. On the cost side, inflationary pressures have intensified post COVID while prompt availability of various input materials, components and labour has become more challenging. The intensity of these dynamics have generally moderated in recent quarters with the exception of labour costs in Mexico, which continue to see significant increases. We are offsetting these dynamics through various efficiency initiatives and taking pricing action where possible although there is typically several quarters of lag before the counter measures yield results. The Russian invasion of Ukraine and the Middle East conflict have added additional uncertainty to the global economy. And while Exco has essentially no direct exposure to these countries, Ukraine does feed into the European automotive market and Europe has traditionally depended on Russia for its energy needs. Similarly, the conflict in the Middle East creates the potential for a renewed rise in the price of oil and other commodities as well as logistics costs and could weigh on consumer sentiment. Exco itself is also looking inwards with respect to sustainability trends to ensure its operations meet expectations. We are investing significant capital to improve the efficiency and capacity of our operations while lowering our carbon footprint. Our Sustainability Report is available on our corporate website at: www.excocorp.com/leadership/sustainability/ . For further information and prior year comparison please refer to the Company’s Fourth Quarter Financial Statements in the Investor Relations section posted at www.excocorp.com . Alternatively, please refer to www.sedarplus.ca . Non-IFRS Measures: In this News Release, reference may be made to EBITDA, EBITDA Margin, Pretax Profit, Net Debt, Free Cash Flow and Maintenance Fixed Asset Additions which are not defined measures of financial performance under International Financial Reporting Standards (“IFRS”). A reconciliation to these non-GAAP measures is provided within this MD&A. Exco calculates EBITDA as earnings before interest, taxes, depreciation and amortization and EBITDA Margin as EBITDA divided by sales. Exco calculates Pretax Profit as segmented earnings before other income/expense, interest and taxes. Net Debt represents the Company’s consolidated net indebtedness position offsetting cash from bank indebtedness, current and long-term debt. It is calculated as Long-term debt plus Current portion of Long-term debt plus Bank indebtedness less Cash and cash equivalents. Free Cash Flow is calculated as cash provided by operating activities less interest paid and Maintenance Fixed Asset Additions. Maintenance Fixed Asset Additions represent management’s estimate of the investment in fixed assets that is required for the Company to continue operating at current capacity levels. Given the Company’s elevated planned capital spending on fixed assets for growth initiatives (including additional Greenfield locations, energy efficient heat treatment equipment and increased capacity) in recent years, the Company has modified its calculation of Free Cash Flow to include Maintenance Fixed Asset Additions and not total fixed asset purchases. This change is meant to enable investors to better gauge the amount of generated cash flow that is available for these investments as well as acquisitions and/or returns to shareholders in the form of dividends or share buyback programs. EBITDA, EBITDA Margin, Pretax Profit and Free Cash Flow are used by management, from time to time, to facilitate period-to-period operating comparisons and we believe some investors and analysts use these measures as well when evaluating Exco’s financial performance. These measures, as calculated by Exco, do not have any standardized meaning prescribed by IFRS and are not necessarily comparable to similar measures presented by other issuers. Quarterly Conference Call – November 28, 2024 at 10:00 a.m. (Toronto time): To access the listen only live audio webcast, please log on to www.excocorp.com , or https://edge.media-server.com/mmc/p/uhc9kb7y a few minutes before the event. Those interested in participating in the question-and-answer conference call may register at https://register.vevent.com/register/BI0b9a8a1a5faa4319852e59164c5fc3d3 to receive the dial-in numbers and unique PIN to access the call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). For those unable to participate on November 28, 2024, an archived version will be available on the Exco website until December 15, 2024. About Exco Technologies Limited: Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 21 strategic locations in 9 countries, we employ approximately 5,000 people and service a diverse and broad customer base. Notice To Reader: Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We may use words such as "anticipate", "may", "will", "should", "expect", "believe", "estimate", “5-year target” and similar expressions to identify forward-looking information and statements especially with respect to growth, outlook and financial performance of the Company's business units, contribution of our start-up business units, contribution of awarded programs yet to be launched, margin performance, financial performance of acquisitions, liquidity, operating efficiencies, improvements in, expansion of and/or guidance or outlook as to future revenue, sales, production sales, margin, earnings, earnings per share, including the revised outlook for 2026, are forward-looking statements. These forward-looking statements include known and unknown risks, uncertainties, assumptions and other factors which may cause actual results or achievements to be materially different from those expressed or implied. These forward-looking statements are based on our plans, intentions or expectations which are based on, among other things, the global economic recovery from any future outbreak of epidemic, pandemic, or contagious diseases that may emerge in the human population, which may have a material effect on how we and our customers operate our businesses and the duration and extent to which this will impact our future operating results, the impact of international conflicts on the global financial, energy and automotive markets, including increased supply chain risks, assumptions about the demand for and number of automobiles produced in North America and Europe, production mix between passenger cars and trucks, the number of extrusion dies required in North America and South America, the rate of economic growth in North America, Europe and emerging market countries, investment by OEMs in drivetrain architecture and other initiatives intended to reduce fuel consumption and/or the weight of automobiles in response to rising climate risks, raw material prices, supply disruptions, economic conditions, inflation, currency fluctuations, trade restrictions, energy rationing in Europe, our ability to integrate acquisitions, our ability to continue increasing market share, or launch of new programs and the rate at which our current and future greenfield operations in Mexico and Morocco achieve sustained profitability, recoverability of capital assets, goodwill and intangibles (based on numerous assumptions inherently uncertain), and cyber security and its impact on Exco’s operations. Readers are cautioned not to place undue reliance on forward-looking statements throughout this document and are also cautioned that the foregoing list of important factors is not exhaustive. The Company will update its disclosure upon publication of each fiscal quarter's financial results and otherwise disclaims any obligations to update publicly or otherwise revise any such factors or any of the forward-looking information or statements contained herein to reflect subsequent information, events or developments, changes in risk factors or otherwise. For a more extensive discussion of Exco's risks and uncertainties see the 'Risks and Uncertainties' section in our latest Annual Report, Annual Information Form ("AIF") and other reports and securities filings made by the Company. This information is available at www.sedarplus.ca or www.excocorp.com .ICPC recovers N52bn, $966,900.83, intercepts N5.9bn diverted by MDAs
Londoners continue to dig themselves out from this week’s massive snowstorm. “It's been pretty brutal getting up every day and driving to work, and then we spend the first hour or so just cleaning off cars,” said Trevor Ebert, salesperson at Leavens Chrysler in east London. “We have seven salespeople here, and all of us getting out here, it takes us hours to clear off even just all the cars, not to mention moving things so that the plow can come through.” The north and east ends of the city were blasted with snow this week, and some parking lots have banks about six feet high. Just a few kilometres from Leaven’s, the London International Airport (YXU) has resumed normal operations. “Everything is clear, and you wouldn't really know, looking at the runways or some of the parking lots, other than the massive piles of snow that have accumulated, that we had the weather that we did,” said Scott McFadzean, YXU chief executive officer. “It's really just all hands-on deck around the clock with every single person in the airport working to help clear snow. We saw a few of the Air Canada Jazz connectors into Toronto got canceled as a result of the snow, but all of the sun destination flying continued and our WestJet to Calgary continued.” A year ago, the Argyle BIA Santa Claus Parade went off without any snow. This year, there was just too much. Bethany Mejia (left), executive director of the Argyle BIA and Rob Graham, chairman of the Argyle BIA, say the heavy snowfall forced the cancellation of the 10th annual Santa Claus parade on Dec. 7, 2024. (Brent Lale/CTV News London) “The snow drifts on Dundas are simply too high for spectators, and the parade routes on both exits were not cleared for snow,” said Bethany Mejia, executive director of the Argyle BIA. “We just thought due to the safety and concerns in the community, we will postpone the 10-year anniversary until next year and it'll be the best parade we've ever had.” One of the major problems was the staging area in the Home Depot parking lot could not hold the dozens of floats. Where they would normally stage three wide, they could only do one row. “The plows just can't keep up with the demand,” said Rob Graham, chairman of the Argyle BIA. “We're getting three months worth of snow in three days, so it really adds up. The schools have been canceled for two days straight. It’s not a decision that we had to take lightly, and I'm still wiping that tear away from my eye.” Santa Claus poses for a photo with Wesley Clark and his parents Matt Clark and Skyler Favalaro at Warehouse Guys in London, Ont. on Saturday, Dec. 7, 2024. (Brent Lale/CTV News London) However, the Argyle BIA didn’t leave the kids out in the cold. Warehouse Guys on Dundas St. hosted an autograph session with the London Knights, and they brought Santa to greet the kids in lieu of the parade. “We’re really trying to make something positive out of it,” said Chris Metron, owner of Warehouse Guys. “Having the London Knights fans all show up, this is still a great feeling. It’s a Christmas event and we have Santa here, so it's all good.” Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks Our Guide To The Most Giftable Toys In 2024 17 Sweet Treats And Snacks That Make Great Stocking Stuffers The Best Gift Ideas From Canadian Brands For Everyone On Your List Home Our Guide To The Best Sectional Sofas You Can Get In Canada Our Guide To The Best Electric Snow Shovels In Canada In 2024 (And Where To Get Them) Our Guide To The Best Hydroponic Gardens In Canada In 2024 (And Where To Get Them) Gifts 20 Of The Best Gifts Worth Splurging On In 2024 Mary Berg's Favourite Kitchen Products To Gift This Holiday Season The Best Gifts to Give Your Dad in 2024 Beauty Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit Deals Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations The Waterpik Advanced Water Flosser Will Make Cleaning Your Teeth So Much Easier — And It's 40% Off For Cyber Monday London Top Stories Digging themselves out: With parade cancelled, Londoners make best of snowy situation Want to become the next LHSC Auxiliary volunteer? Here’s how Cookie inflation: How much more is your holiday baking costing you this year? CTV News London’s top stories from this week Homeless encampments buried in snow, city hall’s response falling short SIU: driver that fled OPP traffic stop in Arva fatally injured Wingham emergency department closed Saturday Running behind on your shoveling? Now's the time to hop to it. CTVNews.ca Top Stories Canada Post strike: Union 'extremely disappointed' in latest offer, negotiator says A negotiator for the Canadian Union of Postal Workers (CUPW) says the latest offer from Canada Post to end the ongoing strike shows the carrier is moving in the "opposite direction." An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on France's iconic Notre Dame Cathedral is formally reopening its doors on Saturday for the first time since a devastating fire nearly destroyed the 861-year-old landmark in 2019. Canada's air force took video of object shot down over Yukon, updated image released The Canadian military has released more details and an updated image of the unidentified object shot down over Canada's Yukon territory in February 2023. Why finding the suspected CEO killer is harder than you might think He killed a high-profile CEO on a sidewalk in America’s largest city, where thousands of surveillance cameras monitor millions of people every day. Sask. doctor facing professional charges in circumcision case A Saskatoon doctor has been accused of unprofessional conduct following a high-cost adult circumcision that included a request for the patient to text unsecured post-op pictures of his genitals. Man arrested after 16-hour standoff with Barrie police seeks to be released from custody The 43-year-old man taken to hospital in distress following a 16-hour armed standoff with Barrie police last month is seeking bail. Facing the holidays without family ties or the romantic partner of your dreams? Here's how to make this season fulfilling While the holiday season is often a time rich with cheer love and family connections, it can also be a painful reminder of what once was. Digging themselves out: With parade cancelled, Londoners make best of snowy situation Londoners continue to dig themselves out from this week’s massive snowstorm. Quebec City bus driver arrested for drunk-driving after collision A Réseau de transport de la capitale (RTC) bus driver has been arrested for driving under the influence of alcohol after being involved in a collision in Quebec City late Friday evening. Kitchener Canada Post strike: Union 'extremely disappointed' in latest offer, negotiator says A negotiator for the Canadian Union of Postal Workers (CUPW) says the latest offer from Canada Post to end the ongoing strike shows the carrier is moving in the "opposite direction." Police seek tips in Waterloo break-in Waterloo Regional Police are investigating a break-and-enter at a Waterloo business. Invasive species could be hiding in your Christmas decor. Here's how to stop the spread Make sure to look through your holiday decorations, as Christmas trees, wreaths, and other natural decor can have invasive insects, eggs, and plants that pose a threat to local ecosystems and the economy. Barrie One dead in three-vehicle crash Police are investigating a three-vehicle overnight collision in Caledon, which resulted in the death of one driver. Blue Mountain opens for ski season Blue Mountain Ski Resort officially opened for the ski season on Saturday with two lifts, seven runs and one terrain park in operation. OPP make arrests in three impaired driving incidents in one night Three drivers are facing multiple charges after OPP responded to three different reported impaired driving incidents in the same night in Orillia. Windsor Man arrested after livestreaming sexual abuse of child The Windsor Police Service say they’ve arrested a 29-year-old man after the sexual abuse of a child was livestreamed on social media. 'I do think it is extraordinary': Law community expresses concern over notwithstanding clause threat Hundreds of professionals within the law community have expressed concern with the premier’s threat of using the notwithstanding clause to back new legislation promising a crackdown on encampments. Three people with outstanding warrants arrested by CK police Chatham-Kent police arrested three people with outstanding warrants on Friday. Northern Ontario How to watch this year's CTV Lions Children's Christmas Telethon Dec. 7 marks the first Saturday of December, which means it is time for the annual CTV Lions Children's Christmas Telethon. Here is what you need to know. Canada Post strike: Union 'extremely disappointed' in latest offer, negotiator says A negotiator for the Canadian Union of Postal Workers (CUPW) says the latest offer from Canada Post to end the ongoing strike shows the carrier is moving in the "opposite direction." Northern Ontario man sentenced for killing his dog WARNING: This article contains graphic details of animal abuse which may be upsetting to some readers. A 40-year-old northern Ontario man is avoiding prison after pleading guilty to killing his dog earlier this year. Sault Ste. Marie Winter weather travel advisory in effect for Sault, Sudbury, North Bay Environment Canada has issued a winter weather travel advisory for Sault Ste. Marie, Sudbury and North Bay. Northern Ontario man sentenced for killing his dog WARNING: This article contains graphic details of animal abuse which may be upsetting to some readers. A 40-year-old northern Ontario man is avoiding prison after pleading guilty to killing his dog earlier this year. Sault College health students showcase their work Sault College students from three different health-care programs had the opportunity to present their work to local industry leaders at the institute’s second Health Care Research Showcase. Ottawa WINTER TRAVEL ADVISORY | Winter travel advisory in effect for Ottawa A winter travel advisory is in effect for Ottawa. It was issued by Environment Canada Saturday morning and will be in effect starting this afternoon until Sunday morning. Here are some creative and cost-efficient ways to wrap gifts this holiday season Wrapping your holiday gifts can be done uniquely and elegantly using household items without breaking the wallet, says an Ottawa expert. Canada Post strike: Union 'extremely disappointed' in latest offer, negotiator says A negotiator for the Canadian Union of Postal Workers (CUPW) says the latest offer from Canada Post to end the ongoing strike shows the carrier is moving in the "opposite direction." Toronto Three people taken to hospital after triple shooting in downtown Toronto Toronto Police are on the scene of shooting that has sent three people to the hospital in the early hours of Saturday morning. Striking Canada Post workers continue annual Santa letter tradition, while also helping Toronto food bank Striking postal workers in Toronto’s west end are giving their time this holiday season to bring smiles to the faces of children in the community, while also helping their local food bank. ‘Hazardous’ driving conditions possible in GTA Saturday amid expected snow: Environment Canada Those getting around the Greater Toronto Area (GTA) today may want to use a bit of extra caution on the roads. Montreal Legault in France for the reopening of Notre-Dame de Paris Cathedral Quebec Premier François Legault is in France for the reopening of Notre-Dame de Paris Cathedral. Superior Court authorizes class action against junior hockey league over abuse of minors The Quebec Superior Court authorized the institution of a class action aimed at compensating all minors who suffered abuse while playing in the Quebec Maritimes Junior Hockey League (QMJHL). Man arrested for DUI after car crashed into Mile-End restaurant A man was arrested for drunk driving after allegedly losing control of his vehicle and hitting three parked cars before skidding off and crashing into a restaurant in Montreal's Mile-End neighbourhood early Saturday morning. Atlantic WATCH LIVE | 61st annual Christmas Daddies Telethon airs Saturday on CTV A beloved yearly tradition, the Christmas Daddies Telethon airs from 11 a.m. to 6 p.m. on Saturday, Dec. 7, on CTV. Fortress of Louisbourg in Nova Scotia brings Christmas past into the present The Fortress of Louisbourg Association and Parks Canada are encouraging visitors to see the historic site in the winter with a Christmas concert series. Canada Post strike: Union 'extremely disappointed' in latest offer, negotiator says A negotiator for the Canadian Union of Postal Workers (CUPW) says the latest offer from Canada Post to end the ongoing strike shows the carrier is moving in the "opposite direction." Winnipeg Major Manitoba fossil milestones highlight the potential for future discoveries in the province A trio of fossil finds through the years helped put Manitoba on the mosasaur map, and the milestone of those finds have all been marked in 2024. Man charged after unprovoked attack outside Winnipeg hospital A 30-year-old man has been charged with assault after police say he attacked another man outside Seven Oaks General Hospital. Family, store employee evacuate by Winnipeg police in Friday morning fire Five people, including a family of four, were evacuated by police and treated for smoke inhalation after a fire in the 400 block of Burrows Avenue Friday morning. Calgary Calgary company steps up to help grieving family with free furnace after fatal carbon monoxide poisoning A Calgary furnace company stepped up big time Friday to help a Calgary family grieving the loss of a loved one. Calgarians panicked as Canada Post strike enters fourth week The impacts of the Canada Post strike are ramping up as other shippers pause their pick-ups to clear growing backlogs. Storybook Theatre extends holiday run of ‘Beauty and the Beast’ into 2025 If you weren’t able to get a ticket to Storybook Theatre’s holiday production of Beauty and the Beast, the theatre offered renewed hope Saturday. Edmonton 'A safe haven': Edmonton family gives the gift of biodiversity with land donation This giving season, one Edmonton family is going big. Security guard killed at Edmonton apartment building Homicide detectives are investigating the death of a security guard in central Edmonton on Friday morning. Bill fast-tracking resort development sets 'problematic' precedent, critics say A bill giving Alberta’s government power to reclassify land in provincial parks for the development of all-season resorts has some concerned about environmental impacts and the “problematic” precedent it sets by allowing the province to bypass existing legislation. Regina Regina holiday market booming as vendors encourage local shopping amid postal strike The holidays are the busiest time of year for countless businesses, but many Regina vendors are hoping Christmas shoppers will come to them this year amid ongoing job action at Canada Post. Sask. woman killed after vehicle crashes into bottom of embankment: RCMP A 50-year-old woman from Hudson Bay, Sask. was killed after the vehicle she was in left the roadway on Highway 9 on Friday. Sask. doctor facing professional charges in circumcision case A Saskatoon doctor has been accused of unprofessional conduct following a high-cost adult circumcision that included a request for the patient to text unsecured post-op pictures of his genitals. Saskatoon Saskatoon under winter storm warning with freezing rain, heavy snow forecasted A winter storm warning has been issued for the city of Saskatoon and parts of west central Saskatchewan by Environment and Climate Change Canada (ECCC). Sask. doctor facing professional charges in circumcision case A Saskatoon doctor has been accused of unprofessional conduct following a high-cost adult circumcision that included a request for the patient to text unsecured post-op pictures of his genitals. Sask. woman killed after vehicle crashes into bottom of embankment: RCMP A 50-year-old woman from Hudson Bay, Sask. was killed after the vehicle she was in left the roadway on Highway 9 on Friday. Vancouver B.C. RCMP warn of credit card scam involving fake taxi Mounties in Burnaby are warning residents about a bank card scam that tries to dupe people by using a fake taxi. Environment Canada issues snowfall, freezing rain warnings for parts of B.C. Wintery weather is in store for parts of B.C.’s Interior over the weekend, according to Environment Canada. Resilient Vancouver Canucks making multi-goal comebacks routine Falling behind has become a habit for the Vancouver Canucks this season. Making a big comeback has, too. Vancouver Island B.C. ombudsman to investigate delay in sending social assistance cheques amid post strike Thousands of social assistance cheques have not been distributed in British Columbia because of the Canada Post strike, prompting an investigation by provincial ombudsperson Jay Chalke. Long time coming: Taylor Swift's Eras Tour arrives at final stop in Vancouver Pop superstar Taylor Swift greeted some 55,000 eager fans in downtown Vancouver Friday with what’s become a familiar opening line. Four-year-old superhero inspires smiles at B.C. long-term care home While he’s not faster than a speeding bullet, nor more powerful than a locomotive, this four-year-old is proving to be a superhero. Stay Connected( MENAFN - EIN Presswire) A2P Messaging Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 18, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! In recent years, the A2P messaging market size has witnessed steady growth , and it's anticipated to ascend from $69.96 billion in 2023 to $72.68 billion in 2024, translating to a compound annual growth rate CAGR of 3.9%. Factors such as increased internet penetration, rising smartphone usage, evolution in business communication, integration of SMS in services, and necessities for security and authentication contribute to this historic growth. Looking ahead, the upward trajectory is projected to maintain momentum, with the A2P messaging market size swelling to $88.53 billion by 2028. Over this forecast period, the CAGR is expected to notch up to 5.1%, driven by IoT communication, extensive adoption in banking and financial services, increased use in healthcare and for appointment reminders, adoption of chatbots and AI, and industry-specific integration. This comprehensive sample report will provide more insights: One key growth driver echoing across the A2P messaging market spectrum is the increasing penetration of smartphones. A smartphone, a portable electronic device that connects users to the internet and cellular networks, facilitates A2P messaging to help users receive messages from a business application for marketing or customer service purposes, primarily through an automated process. For example, as of February 2023, Uswitch Limited reveals that in 2022, the UK had 71.8 million mobile connections, a 3.8% rise compared to 2021. Moreover, it's forecasted that by 2025, 95% of the UK population will own a smartphone, fueling the expansion of the A2P messaging market. Many prominent players operate within the A2P messaging market. These include China Mobile Limited, AT&T Inc., Orange S.A., Twilio Inc., Sinch AB, Tata Communications Limited, Genesys Telecommunications Laboratories Inc., Syniverse Technologies LLC, Infobip Ltd., MessageBird B.V., and many more. Striding forward, key trends projected to cast an impact on the market include compliance with regulatory standards, interactive messaging experiences, vertical-specific messaging solutions, API integration and platform diversification, and omnichannel messaging strategies. The full report contains more detailed information: The A2P messaging market report dissects the market into several segments: 1 By Component: Platform, A2P Service 2 By SMS Traffic: National Traffic, Multi-Country 3 By Deployment Mode: On-Premises, Cloud 4 By Application: Authentication Services, Promotional and Marketing Services, Customer Relationship Management Services, Pushed Content Services, Interactive Messages, Other Applications 5 By End Users: Banking, Financial Services, and Insurance, Retail and Ecommerce, E-Governance, Hyperlocal Businesses, Healthcare, Travel and Hospitality, Other End Users Shedding light on regional aspects, in 2023, North America emerged as the largest player in the A2P messaging market. However, the forecast period predicts Asia-Pacific to outpace other regions with the fastest growth rate. The market report encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Browse Through More Similar Reports By The Business Research Company: Telecom Analytics Global Market Report 2024 Telecom Service Assurance Global Market Report 2024 Telecom Global Market Report 2024 About The Business Research Company Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game. Contact us at The Business Research Company: Americas +1 3156230293 Asia +44 2071930708 Europe +44 2071930708 Email us at .... Follow us on: LinkedIn: YouTube: Global Market Model: global-market-model ). Oliver Guirdham The Business Research Company +44 20 7193 0708 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN17122024003118003196ID1109004612 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.‘Questionable’ transactions and bowl games. USC office misspent $1.7M in public funds, audit says