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Industrial production growth at 8-month high of 7.1% in April – The Indian Express

June 12, 2022 | Author: admin

Factory output grew to an eight-month high of 7.1 per cent in April, despite a high base, powered mainly by higher electricity and mining output, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI).

On a sequential basis, industrial production recorded a decline of 9.2 per cent, with a contraction of 8.8 per cent in manufacturing output and 19.7 per cent contraction in mining output, the data showed.

The Index of Industrial Production (IIP) had grown 2.2 per cent in March 2022. Compared with pre-Covid levels of April 2019, industrial output recorded a growth of 6.8 per cent and compared with February 2020 level, it grew by just 0.7 per cent.

While there are continuing question marks over the durability of the industrial sector recovery amidst festering inflation and an inclement external situation, the year-on-year growth in the IIP is projected to surge further next month on the back of a favourable base linked to the second wave of Covid-19.

In absolute terms, the IIP stood at 135.1 in April 2022, up from 126.1 in April 2021, but lower than 148.8 in March 2022.

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Manufacturing output, which accounts for 77.6 per cent of the weight of the IIP, grew 6.3 per cent in April, even as mining and electricity grew 7.8 per cent and 11.8 per cent, respectively.

In absolute terms, the index for electricity output was at an all-time high (2012 series) of 194.5, primarily driven by the sharp increase in electricity generation in the wake of shortages triggered by the heat wave that intensified across the country since late March. Experts said the base effect helped IIP reach an eight-month high, but the growth in consumer goods and capital goods output remained tepid relative to the pre-Covid levels.

Although it is still too early to rejoice the April 2022 performance as the resilience of the industrial sector amidst raging inflation and adverse global geopolitical situation, the start to the fiscal 2023 has certainly been on a positive note. A comparison of the latest data with the pre-Covid production level (February 2020) indicates that the aggregate industrial output is higher than the pre-Covid level albeit by just 0.7%. However, the output levels of three use-based segments capital goods, consumer durables and consumer non-durables are still below the pre-Covid level, India Ratings Principal Economist Sunil Kumar Sinha said.

There are concerns over the durability of the industrial sector recovery, amidst surging inflation and an inclement external situation. The IIP is projected to surge further in May on the back of a favourable base linked to the second Covid wave.

Aditi Nayar, Chief Economist, ICRA said, Consumption remains tentative on the whole, with underlying unevenness. Led by pent-up demand, we expect services to outperform the demand for goods in the near term, with the latter further constrained by elevated prices. The weak showing of capital goods output relative to the pre-Covid level confirms our view that the uptick in capacity utilisation in Q4 FY2022 will not trigger a rapid private sector capacity expansion in light of the uncertainties generated by geo-political developments.

Among the use-based components of industrial output, all the six segments recorded growth after a gap of eight months, with consumer durables indicator of consumption demand recording growth after six months of being in negative territory. Despite the high base, four segments capital goods (14.7%), primary goods (10.1%), consumer durables (8.5%) and intermediate goods (7.6%) recorded growth in April, with the double-digit growth in the capital goods segment likely to have benefitted from the capex push of the government.

The two segments namely consumer non-durables (0.3%) and infrastructure/construction goods (3.8%) appears to have suffered due to high base and recorded a tepid YoY growth. The paltry YoY growth in the consumer non-durables also alludes to the K-shaped recovery whereby households falling in the lower end of the pyramid are finding their real income being eroded disproportionately by the high inflation, Sinha said.

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The Global Coal Handling Equipment Market is expected to grow by $ 2.25 bn during 2022-2026, accelerating at a CAGR of 3.81% during the forecast…

June 12, 2022 | Author: admin

ReportLinker

Global Coal Handling Equipment Market in the Mining Industry 2022-2026 The analyst has been monitoring the coal handling equipment market in the mining industry and it is poised to grow by $ 2.

New York, June 10, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Coal Handling Equipment Market in the Mining Industry 2022-2026" - https://www.reportlinker.com/p05751912/?utm_source=GNW 25 bn during 2022-2026, accelerating at a CAGR of 3.81% during the forecast period. Our report on the coal handling equipment market in the mining industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing demand for coal from end-user industries in Southeast Asia, Africa, Russia, and Turkey, increasing use of automation in coal mining, and investments in new coal mining sites.The coal handling equipment market in the mining industry analysis includes the application segment and geographic landscape.

The coal handling equipment market in the mining industry is segmented as below:By Application Underground mining Surface mining Coal processing

By Geographical Landscape APAC Europe North America South America Middle East and Africa

This study identifies the electrification of mining equipment as one of the prime reasons driving the coal handling equipment market growth in the mining industry during the next few years. Also, developments in carbon capture and storage (CCU) and emerging trend of rental business in mining industry will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on coal handling equipment market in the mining industry covers the following areas: Coal handling equipment market sizing Coal handling equipment market forecast Coal handling equipment market analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading coal handling equipment market vendors in the mining industry that include AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Infracore Co. Ltd., Elecon Engineering Co. Ltd., Epiroc AB, FEECO International Inc., General Kinematics Corp., Hitachi Construction Machinery Co. Ltd., KBR Inc., Komatsu Mining Corp., Liebherr International AG, N.M. Heilig B.V., RPM Solutions, Rubble Master HMH GmbH, Sandvik AB, SANY Group, Terex Corp., and Xuzhou Construction Machinery Group Co. Ltd. Also, the coal handling equipment market in the mining industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavios market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.Read the full report: https://www.reportlinker.com/p05751912/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Some People in This Montana Mining Town Worry About the Dust Next Door – Kaiser Health News

June 12, 2022 | Author: admin

Katheryn Houghton

BUTTE, Mont. Steve McGrath stood in an empty lot a block from his home watching for dust.

In this southwestern Montana city nicknamed The Richest Hill on Earth, more than a century of mining left polluted soil and water that has taken decades to clean.

But at that moment, looking across the road toward Buttes last operating open-pit mine, McGrath was worried about the air. Here comes another truck, McGrath said, pointing to a hillside across the street as a massive dump truck unloaded ore for the mines crusher. A brown cloud billowed into the air. And theres the dust.

In the Greeley neighborhood, where McGrath lives, many people have a hard time believing the air they breathe is safe. A two-lane road separates the roughly 700 homes from the Continental mine, an open-pit copper and molybdenum mine operated by Montana Resources.

Residents have received assurances that the level of particulate matter in their neighborhood isnt hazardous, but some doubt those standards protect human health. People breathe in particles all the time, but the size, abundance, and chemical makeup determine whether theyre dangerous. Now, the Environmental Protection Agency is evaluating whether its threshold for the density of harmful particulate matter should be lowered, saying it may not go far enough.

McGrath, 73, grew up in Butte and has long been one of the voices in the neighborhood asking whether the dust that settles on his roof and car includes a dangerous mix of toxic metals. Is this a health concern? McGrath said. Weve never gotten a really satisfactory answer.

For years, the company and the state Department of Environmental Quality have collected air samples in the neighborhood. The results have been consistent: Pollution levels dont warrant alarm.

Montana Resources established a monitor to track metals in the air around Greeley, and an independent review found no threats to human health, which the state health department backed. However, additional studies, which government and mine officials have often bucked, have indicated potential problems such as elevated levels of metals, including aluminum and copper, in the area and traces of arsenic and lead in the ground and called for more testing.

This year, the nonprofit advocacy group Montana Environmental Information Center asked a contractor to review the data that Montana Resources and DEQ collected. Ron Sahu, the mechanical engineer who did the review, said not enough research has been done to determine conclusively whether the mine is harming Butte residents. According to Sahu, the data had multiple shortcomings, such as time gaps. He also said that one air-monitoring station may miss harder-hit areas and that the risk to residents of prolonged exposure to the dust is still unknown.

On a recent night in Butte, Sahu presented his findings to mine officials, representatives of the state, a local health advisory committee, and a handful of Greeley residents. State health and environmental quality staffers repeated what has been said before: All the recorded emissions meet federal standards.

Even so, Sahu said, the pollution levels exceed the public health safety recommendations made last year by the World Health Organization. For example, the EPAs maximum annual average for the finest particles is a concentration of 12 micrograms per cubic meter, while the WHOs limit is 5. From 2018 through 2020, the Greeley air-monitoring station recorded annual averages that range from more than 7 to nearly 10, according to Sahus review.

The EPA is studying whether to lower its 12-microgram standard and expects to release any proposed changes this summer.

In the meeting, resident Larry Winstel said he didnt care about the data. He held up a square sheet of plexiglass covered in dust. This is whats on my picnic table, he said. This is three weeks worth. How much of this is being deposited over a year?

The manager of environmental affairs for Montana Resources, Mark Thompson, said the company goes beyond whats required to mitigate dust. He said it uses 240-ton trucks to water the mines gravel roads and air filtration systems to trap particulate matter.

Thompson said he agrees more must be done to determine whether air in Greeley is unsafe and, if so, why. If there is a problem in that community, I want to know about it, Thompson said. My son, my daughter-in-law, and my two baby granddaughters live a block from the main gate of the mine.

Butte became a gold and silver mining camp in the 1860s, and people traveled from around the world to work in the city. The area was the battleground of the Copper Kings in the 1890s as mine owners raced to extract the metal used to feed the countrys growing electrical infrastructure and manufacturing industry.

People who grew up in Butte and nearby didnt often question what the presence of mines or smelters meant for their health. The extractive industries offered good jobs. Many are proud their city helped electrify the nation and produced as much as a third of the worlds copper supply during its heyday.

Atlantic Richfield Co., which bought the Anaconda Co., shut down the Butte mines in 1982. Butte and a stretch of the Clark Fork River, where the mining waste washed downstream, were designated a federal Superfund site in 1983. A few years later, Montana Resources began operating, and its jobs helped steady the towns population at about 30,000. The cleanup of the historical lead, arsenic, and other contaminants continues today.

The boundary of that work borders the Greeley neighborhood to the west, while the Continental mine cups the neighborhood to the northeast. Some residents worry the mines operations add another layer of harm.

I know about the air-monitoring station down here and that they say it doesnt pick up anything dangerous, said Bob Brasher, who has a view of the Continental mine from his front yard. But I dont see how it couldnt when we have those days and you look out here and you can see the dust blowing this way and settling.

Just down the road, Haley Rehm said she didnt think about the dust until a recent test of her 2-year-old sons blood found elevated lead levels. The cause isnt clear toxic metals can be ingested in multiple ways. But the mines proximity prompted Rehm to test her home for lead; she was still waiting for the results in May.

People often speculate that local cancer cases are linked to the areas mining past and present.

Jeanette Cooksey, 70, cant remember a time she wasnt worried about the dust. It has especially been on her mind since she was diagnosed with stage 4 uterine cancer two years ago. I have to wonder if living in this neighborhood my whole life has something to do with it, Cooksey said.

A state health department analysis found the incidence rate for cancer from 1981 through 2010 wasnt elevated in Silver Bow County compared with the rest of the state.

Not everyone is worried. For some people, even talking about potential health effects equates to an anti-mine mentality.

Al Shields rolled his eyes when asked whether the dust concerned him and nodded toward his clean trucks, saying they hadnt been washed for days. What people dont understand is if the mine goes, Butte is done, he said. If you dont like it, leave.

Montana Resources employs 380 people and is a significant source of tax revenue. Those pushing for more research into the mines effects and what can be done about the dust have said they arent trying to close the operation. We want a clean and healthy environment, said Ed Banderob, with the Greeley Neighborhood Community Development Corporation Inc.

When Buttes health advisory committee meets again in the fall, the state will share the air-sampling data it has collected in the hopes that staffers can answer lingering questions. Meanwhile, Montana Resources hopes to set up more air-monitoring equipment around the neighborhood by the end of the year.

KHN (Kaiser Health News) is a national newsroom that produces in-depth journalism about health issues. Together with Policy Analysis and Polling, KHN is one of the three major operating programs at KFF (Kaiser Family Foundation). KFF is an endowed nonprofit organization providing information on health issues to the nation.

This story can be republished for free (details).

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MLK Gold Adds 104 Lithium Claims On Its 360 Lithium Property – Junior Mining Network

June 12, 2022 | Author: admin

Airborne geophysics, soil and till geochemistry, and drilling to be completed by end of Q4 2022

WINDSOR, NS, June 9, 2022 /CNW/ - MLK Gold Ltd. (CSE: MLK) ("MLK" or "MLK Gold" or the "Company"), a growth-oriented gold exploration company headquartered in Windsor, Nova Scotia, is pleased to report that after an initial data mining compilation of public government databases, the Company has added 104 lithium claims covering 2,600 hectares on its 360 Lithium Property located on the south coast of Newfoundland.

Company President and CEO, Paul Smith (P. Geo.) and Executive Chairman, Bill Fleming, noted significant pegmatite development on the property following an initial reconnaissance visit to the area late last month.

"We know from previous government and academic research that pegmatite veins have been noted in previous mapping of the area and contain sub-ore grades of elemental lithium in addition to numerous quartz-tourmaline veins," said Smith. "What we were surprised to observe was the abundance of veining and the variation in textures and mineralogy. Our plan is to complete a full assessment of these claims as part of our Q3 exploration program which includes our Caledonia Brook Gold Property," he added.

Exploration is set to begin at the end of July and will coincide with the Company's plan to release its airborne Versatile Time-Domain Electromagnetic (VTEM Plus) geophysical survey and soil data collected by Geotech Ltd. and Overburden Drilling Management (ODM).

Update onCaledonia Brook Gold Project:

The Company's flagship Caledonia Brook Gold Project is targeting lode and intrusive-hosted styles of gold mineralization through a planned initial drill program of 1,200 metres in 12 proposed holes to be collared on the Mustang66, Maverick, and Charlie Zones.

"The commencement of our Q4 drilling will represent the first diamond drill holes ever undertaken on the property," added Smith. "We have two additional holes being considered on the Slider Zone which will be conditional on results of a detailed soil sample survey in this area."

Versatile Time-Domain Electromagnetic (VTEM Plus)

A total of 662 line-kilometres (representing ~62% of the property) has been covered by an airborne Versatile Time-Domain Electromagnetic (VTEM Plus) geophysical survey. Survey highlights include:

All data is currently under review and results will be released in the Company's next update.

Glacial Till Sampling

Phase I of the Company's glacial till sampling program in the northern portion of the property has been completed with 111 samples being processed by Overburden Drilling Management (ODM). A summary of the results from the samples include:

All heavy mineral concentrates from ODM's mineral separation work are currently being analyzed at Activation Laboratories Ltd. in Ancaster, ON, and results will be released once they have been received.

Additional glacial till sampling will be carried out over the southern part of the property in Q3-Q4.

Soil Sampling and Rock Geochemistry:

The Company's 2022 soil sampling process will take place over five separate grids on the property. Gold assay grades in soil from last summer's exploration have shown elevated gold content up to 192 ppb. Further work will target the Mustang66, Maverick, Cougar, Charlie, and Slider Zones.

Rock geochemistry has indicated four areas of elevated gold, silver, zinc, or lead content. These occur along the Mustang66, Viper, and Maverick Zones with gold assays up to 2.38 g/t Au and with silver up to 71.1 g/t Ag, 4.03 % Zn, and 1.07 % Pb.

All work will focus on areas where either known structural faults occur or where the Company has evidence of either shear zones or faulting being present based on its previous exploration in the area.

MLK Executive Chairman, William (Bill) Fleming, says the Company's commitment to the area's high potential is driving their exploration program.

"We have a pretty good idea of the geological similarities we share with other major stakeholders in the area, and we are encouraged by some of the results we have recorded to date," said Fleming. "Keeping that in mind, our primary focus right now is to accelerate the implementation of our strategic exploration initiatives, and if that requires more investment capital then we'll execute that action."

MLK's Caledonia Brook property is situated in central Newfoundland west of New Found Gold Corporation, northeast of the Valentine Lake deposit property, and southwest of Sokoman Minerals Moosehead gold property, and shares geological and structural similarities to Marathon Gold's (4.14 million ounces; 3.14 Moz. M&I, 56.7 Mt @ 1.72 g/t Au; 1.00 Moz. Inferred; 18.2 Mt @ 1.70 g/t Au) Valentine Lake deposit with both properties lying along the Victoria Lake Grand Falls Shear Zone System. The Company's qualified person has not verified data from Marathon Gold's Valentine Lake project and similarities are not indicative of mineralization on the Company's properties.

Source: N.I. 43 Technical Report & FEASIBILITY STUDY ON THE VALENTINE GOLD PROJECT, Newfoundland and Labrador, Canada; Prepared for, Marathon Gold Corporation, 36 Lombard Street, Suite 600, Toronto, ON, M5C 2X3; by Ausenco. Effective date: April 15, 2021.

MLK's corporate update can be viewed here.

Qualified Persons and 43-101 Disclosure

Paul K. Smith (P. Geo.), President & CEO for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's premiere resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold projects in mining and mineral-rich Newfoundland, MLK's plan is to capitalize on the province's ranking as one of the world's top 10 mining jurisdictions and expand into a long-life, financially sound gold-mining company.

Additional information about the Company and its activities may be found on the Company's website at http://www.mlkgold.com and under the Company's profile at http://www.sedar.com.

To view the Company's recent promotional video,please click HERE.

Forward-Looking Statements

This news release contains certain forward-looking statements. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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Business profile: Sheryl Sandbergs mixed legacy – The Week UK

June 12, 2022 | Author: admin

Sheryl Sandberg intended to spend just five years at Facebook when, in 2008, she joined the fledgling company from Google as Mark Zuckerbergs right-hand woman, said Hannah Murphy in the FT. Instead, she stayed for 14 years as Facebooks (and later Metas) chief operating officer, becoming one of the most recognisable and polarising figures in Silicon Valley. In recent years, the power duo have drifted apart; now Sandberg is off for good in the autumn. She leaves behind a mixed record. On the one hand, she is the female role model who helped grow Facebook into a $500bn-plus company by supercharging its digital advertising machine. On the other, she became a lightning rod for criticism as the company lurched from scandal to scandal. Facebook would not be Facebook without Sheryl, said David Jones of the Brandtech Group for good and bad.

The deal that Zuck struck with Sandberg was that hed focus on the product, said Danny Fortson in The Sunday Times. Anything with a low-geek quotient sales, policy, legal, communications, lobbying was left to his polished consigliere, who had useful contacts in Washington, having worked for Bill Clintons treasury secretary, Larry Summers. The deal, which effectively split Facebook into two domains, will go down as one of the most consequential in business history. It made Facebook, which went on to buy Instagram and WhatsApp, a new media juggernaut. But Sandberg also contributed to its worsening image. Critics held her responsible for Facebooks Cambridge Analytica data-privacy scandal, as well as Russian disinformation, and the proliferation of hate speech and fake news.

Sandbergs exit leaves a vacuum at Meta at a tricky time, said Gina Chon on Reuters Breakingviews. The group had its troubles under her leadership, but at least it had a business model and a top-tier executive who could sell it to investors. Zuckerbergs ambitions lie in more abstract directions, such as the still-vague metaverse. But her real legacy is much broader, said Stephanie Hare in The Observer. Having led the transformation of Google into the worlds leading advertising business, she performed a similar trick at Facebook. Yet where Sandberg sees scale, others see something sinister. Harvard professor Shoshana Zuboff author of The Age of Surveillance Capitalism argues that Sandberg is the Typhoid Mary of her age, owing to her role in spreading Googles data-mining practices to Facebook. She will go down in history for her extraordinary success in growing these companies and her failure to deal with the costs of that success.

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Intracom Telecom Announces the Supply of its Wireless Systems for Open Mining Operations in the African Continent – PR Newswire

June 12, 2022 | Author: admin

ATHENS, Greece, June 10, 2022 /PRNewswire/ --Intracom Telecom, a global telecommunication systems and solutions vendor, announced the supply and deployment of its Fixed Wireless Access ecosystem , the WiBAS Point-to-MultiPoint (PtMP) and the uniMS platform, by the operating company of one of the largest mines in the world, located in sub-Saharan Africa.

The use of high-frequency PtMP technology over the vast area of the mine is one of the many uses for this technology. Mining companies take advantage of the latest technology which ensures not only high capacity but also long range to cover large areas and connect with lightweight network assets the remote points to a central hub. The use of high frequencies is not any more constrained within the perimeter of urban areas. Intracom Telecom has been pioneering the use of its PtMP technology for open excavation mines in the African continent, foreseeing the need of a transmission technology that can transport bidirectional digital traffic at ultra-high speeds.

In the harsh environment of the mines, the state-of-the-art WiBAS technology is being used to provide high quality broadband services, and avoiding the cost and trouble from the use of cables.The WiBAS systems can be easily installed at any facility and be scaled to support larger coverage areas, with more devices and higher capacity when required.

Moreover, through uni|MS IoT control and management platform, the mines make efficient utilization of their communication infrastructure. The sophisticated alarm flow coupled with key performance indicators, available on reports and graphs, elevate the Operators' experience and ensure timely optimizations.

Mr. John Tenidis, Marketing Director of Wireless Network Systems in Intracom Telecom, stated: "We have been serving our customers in Africa for their needs to connect remote location in mines since 2011. We are very pleased to extend our cooperation with one of the biggest African mines so to provide modern communications to ground crews and machine operating personnel, while safeguarding and monitoring the perimeter of the mine".

About Intracom Telecom

Intracom Telecom is a global telecommunication systems and solutions vendor operating for over 40 years in the market. The company has become the benchmark in fixed wireless access and it successfully innovates in the 5G/4G wireless RAN transport and small-cell SON backhaul international arena. Intracom Telecom offers a comprehensive revenue-generating software solutions portfolio and a complete range of ICT services, focusing on IoT, SDN/NFV, Big Data analytics & data-driven intelligence, and Smart City solutions. Moreover, it addresses the Energy & Utilities industry, emphasizing on smart metering and end-to-end IT solutions. Intracom Telecom is also active in the defense sector providing security integrated systems for critical infrastructure protection and border surveillance. The company has extensive know-how and a proven track record in the market, serving fixed and mobile telecom operators, public authorities and large public and private enterprises. Intracom Telecom maintains its own R&D and production facilities, and operates subsidiaries worldwide. For more information please visit:www.intracom-telecom.com

SOURCE Intracom Telecom

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BioMed Leaders KRBP, NMLSF, VERU, AIMLF Report Latest Advances in Vaccines, Novel Therapeutics for Oncology, and Autism and HealthTech AI – Yahoo…

June 12, 2022 | Author: admin

NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEOs of: Kiromic BioPharma (NASDAQ: KRBP), Nova Mentis Life Sciences (OTC: NMLSF) (CSE: NOVA), Veru Inc. (NASDAQ: VERU) and AI/ML Innovations (OTC: AIMLF) (CSE: AIML). As the global pharma market surpasses $1.3 trillion dollars (Statista), emerging technologies and healthcare research innovations are unleashing new exponential growth opportunities. As the biotech sector rebounds from cyclical lows, institutional investors are increasingly eyeing early-stage biotech stocks for upside potential delivering alpha. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:

Kiromic BioPharma (NASDAQ: KRBP) CEO Pietro Bersani: Gamma Delta T cell Pipeline Expanding to FiveKiromic BioPharma (NASDAQ: KRBP), a clinical-stage biotherapeutics company using its proprietary DIAMOND artificial intelligence (AI) and data mining platform to discover and develop cell and gene therapies with a focus on immuno-oncology, has entered into a sponsored research agreement with Principal Investigator James W. Welsh, M.D. of The University of Texas MD Anderson Cancer Center.Under the two-year SRA, in vivo preclinical data will be generated from Kiromics Gamma Delta T cell allogeneic therapies. This SRA is intended to evaluate efficacy and patient safety outcomes to support three new investigational drug (IND) applications to the U.S. Food and Drug Administration. KRBP CEO Pietro Bersani commented: "We believe that the SRA will enable us to generate key in vivo data efficiently and swiftly that will demonstrate the synergistic advantages of our Gamma Delta T cell therapies in combination with existing anticancer treatment modalities. These submissions will expand the total number of our product candidate therapies to five. We expect to begin the activation of the Delta T cell clinical trial by the end of this year. We believe utilizing non-genetically engineered Gamma Delta T cells as our first-in-human study is ideal to establish the tolerability and safety of our proprietary allogeneic cell therapy platform."Kiromic BioPharma (NASDAQ: KRBP) News: https://www.wallstreetreporter.com/2022/06/07/kiromic-biopharma-nasdaq-krbp-significantly-expands-gamma-delta-t-cell/

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AI/ML Innovations (OTC: AIMLF) (CSE: AIML) Chairman, Tim Daniels: AI/ML Holds Key Patents for Multi-Billion Dollar Healthcare Wearables MarketAI/ML Innovations (OTC: AIMLF), a featured presenter at Wall Street Reporter's "Next Super Stock" investor conference series, recently updated investors on growth initiatives at AIMLFs portfolio of digital health businesses including HealthGauge, a wearable personal health monitoring & management system, using Artificial Intelligence and Machine Learning, and Tech2Heal a European mental health app innovator.

Of significant interest for investors is AIMLFs landmark patent position for wearable health monitors - which could position AIMLF to collect licensing fees and royalties on the $13.8 Billion global Smart Wearable Healthcare Devices (projected to reach $37.4 Billion by 2028. Source: Verified Market Research). AIMLF is now starting to license its technologies to health wearables companies, and collecting royalties. With typical royalties of 2% of gross sales, AIMLF could potentially generate significant recurring revenues from companies infringing on its broad patent position in the nearly $14 billion health wearables market. Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video: https://www.wallstreetreporter.com/2022/05/31/next-super-stock-ai-ml-billion-dollar-patent/

AIMLFs Health Gauge subsidiary, has recently been granted a patent by the United States Patent and Trademark Office (US Patent No. 11183303), titled "Wearable Health Monitors and Methods of Monitoring Health". The Patent covers Cardiovascular monitoring, Predictive health analysis, Behavioral analysis and 64 other claims, including use of multiple configurations of wearable health monitors, in conjunction with methods of analyzing bio-signals and monitoring health metrics (via Health Gauge's AI-driven software) for the purpose of assisting the user in achieving their personal health and wellness objectives.

AIMLF is reporting advancing growth at its portfolio company Tech2Heal, a European mental health app innovator. Tech2Heal is positioned for explosive revenue growth as European healthcare mandates now provide about 2,500 Euro per patient annually for mental wellness. Tech2Heal has just signed with a French multinational manufacturer, to provide mental wellness support to their 170,000 employees globally, and additional Enterprise contracts are in the pipeline. Tim Daniels also updated investors on AIMLs growing pipeline of M&A opportunities in the HealthTech space, which could have a positive impact on maximizing shareholder value in coming months.Watch AI/ML Innovations (OTC: AIMLF) (CSE: AIML) NEXT SUPER STOCK Video: https://www.wallstreetreporter.com/2022/05/31/next-super-stock-ai-ml-billion-dollar-patent/

Nova Mentis Life Sciences (OTC: NMLSF) (CSE: NOVA) CMO Marvin Hausman, M.D.: Novas Psilocybin-based Therapeutics Showing Vast Promise for Autism and Other Neuroinflammatory DisordersNova Mentis Life Sciences (OTC: NMLSF) (CSE: NOVA) a featured presenter at Wall Street Reporters NEXT SUPER STOCK investor conference is advancing psilocybin-based novel therapeutics, targeting autism spectrum disorders, an unmet medical need with multi-billion dollar market potential. NMLSF Chief Medical Officer Dr. Marvin Hausman, M.D., has a decades-long track record of success advancing new drugs through the FDA regulatory pathways, into commercialization, generating billions of dollars in revenue. Dr. Hausman, is now bringing the same playbook to NMLSF for its psilocybin-based therapeutics targeting Fragile X, then potential expansion to treat other neuroinflammatory disorders, including alzheimers, and parkinsons. NMLSF plans to submit a clinical trial application to Health Canada for a Phase 2A study evaluating its psilocybin microdose therapy for Fragile X Syndrome, in the coming weeks.

NMLSF is a global leader in first-in-class psilocybin-based therapeutics and complementary diagnostics for neuroinflammatory disorders. NMLSF is the first biotech company to achieve FDA Orphan Drug Designation in both the United States and European Union for the use of psilocybin in the treatment of FXS. In his interview, with Wall Street Reporter, Dr. Hausman explains his strategy for advancing NMLSFs drug pipeline through commercialization, as he has successfully accomplished with other novel drugs during his decades-long career.Watch NEXT SUPER STOCK Nova Mentis (OTC: NMLSF) (CSE: NOVA) Video: https://www.wallstreetreporter.com/2022/03/25/next-super-stock-nova-mentis-life-sciences-otc-nmlsf-billions-opportunity-w-autism-psilocybin/

"The recently completed preclinical study of repeat low doses of our psilocybin drug - every other day for 2 weeks, showed clinical responses that greatly exceeded our expectations. We significantly modulated behavioural and cognitive defects, such as recognition memory, in FXS." NMLSF plans to submit a clinical trial application to Health Canada in the coming weeks for a Phase 2A study evaluating psilocybin microdose therapy for FXS. "Autism spectrum disorder ("ASD") and especially FXS, the largest genetic cause of ASD, continue to have unmet medical needs. Scientists at NOVA, over the past two years, have laid the groundwork for development of potential novel psilocybin-based microdose treatment of ASD," said NMLSF Chief Medical Officer, Dr. Marvin S. Hausman, MD.Watch NEXT SUPER STOCK Nova Mentis (OTC: NMLSF) (CSE: NOVA) Video: https://www.wallstreetreporter.com/2022/03/25/next-super-stock-nova-mentis-life-sciences-otc-nmlsf-billions-opportunity-w-autism-psilocybin/

Veru Inc. (NASDAQ: VERU) CEO Mitchell Steiner, M.D: Sabizabulin Delivers Significant Milestone in COVID-19 Veru Inc. (NASDAQ: VERU), an oncology biopharmaceutical company, today announced positive efficacy and safety results from a planned interim analysis of the double-blind, randomized, placebo-controlled Phase 3 COVID-19 clinical trial evaluating oral sabizabulin 9 mg versus placebo in 150 hospitalized COVID-19 patients at high risk for Acute Respiratory Distress Syndrome (ARDS). The Independent Data Safety Monitoring Committee unanimously recommended that the Phase 3 study be halted early due to efficacy, and they further remarked that no safety concerns were identified.CEO Mitchell Steiner, M.D, commented: This study represents a significant milestone in the global fight against COVID-19 as sabizabulin is the first drug to demonstrate a clinically and statistically meaningful reduction in deaths in hospitalized patients with moderate to severe COVID-19. We strongly believe that sabizabulin, with its dual anti-viral and anti-inflammatory properties which demonstrated positive efficacy and safety results in the Phase 3 COVID-19 study, can be that greatly needed oral therapy for hospitalized moderate to severe COVID-19 patients.Veru Inc. (NASDAQ: VERU) News: https://www.wallstreetreporter.com/2022/04/11/verus-novel-covid-19-drug-candidate-reduces-deaths-by-55/

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BioMed Leaders KRBP, NMLSF, VERU, AIMLF Report Latest Advances in Vaccines, Novel Therapeutics for Oncology, and Autism and HealthTech AI - Yahoo...

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Smart Education Technology Empowering the High-quality Development of the Education Industry – Digital Journal

June 12, 2022 | Author: admin

(reporter: ZHENG Siyu)

At present, the cutting-edge technologies represented by 5G, artificial intelligence, virtual reality and blockchain have been widely applied in the field of education, presenting the education system gradually with the intelligent characteristics of openness, sharing, interaction, collaboration and ubiquity, and greatly improving the quality of education. In this development process, a large number of educational and scientific talents with strong scientific research strength, high scientific and technological level and rich practical experience have emerged, of which CHEN Sitao is the most prominent. Many major scientific research achievements such as A Particle Swarm Optimization-Based Promotion Strategy Analysis System V1.0, A Data Mining-Based Promotion Resource Recommendation System V1.0, A Cloud Platform-Based Intelligent Promotion Management System V1.0 developed and designed by her have subverted the traditional indoctrinated teaching concept and teaching mode. She has built a teaching system with rich resources, modernized systems, digitized environment and intelligent models, leading the reform and development of intelligent education, and creating great social value for deepening educational reform and balancing teaching resources.

Change the Concept and Create a New Teaching Model

CHEN Sitao has been engaged in the education industry for more than ten years. She has always adhered to and advocated the teaching concept of people-oriented. She has put emphasis, understanding and respect on students throughout the entire educational process, paid attention to tapping students potential and talent, and promoted the all-round development of students professional ability, physical and mental health and comprehensive quality. In her view, in order to cultivate innovative talents, it is necessary to change the traditional educational model, establish a people-oriented educational concept, pay attention to and respect the individual differences of students, maximize the talents of students, achieving an equal distribution of educationalresources.

It is under the guidance of this concept that CHEN Sitao has built a diversified education system including flipped classroom, task driven method and project-based teaching method according to students learning ability and needs in educational practice. The system takes students as the core, stimulates students interest in learning, and promotes students to change from You have to learn to I want to learn, so as to greatly improve the teaching quality and promote the in-depth development of school education reform. Especially in recent years, driven by information technology, CHEN Sitao has actively established information concepts, introduced cutting-edge technologies such as big data, cloud computing, and artificial intelligence into the education system, developed a number of breakthrough scientific research achievements, and built a technology-integrated learning environment, creating a new teaching model, and cultivating many talents with good value orientation, strong action ability, good thinking quality, and deep creative potential. As a result it has made great contributions to achieving the goal of talent training and promoting the modernization of school education.

Technological Breakthrough, More Accurate Teaching Resources

At present, the construction of digital educational resource platform has become an important content and practical focus of educational informatization in schools and training and educational institutions. With the continuous expansion of the data in the digital education resource platform, the phenomenon of information overload is inevitably caused. Teachers and students have to spend a lot of time and energy to find and select the most suitable educational resources, which seriously reduces the learning efficiency and resource utilization.

In order to solve the problem of information overload caused by massive educational resources, CHEN Sitao has actively carried out research on educational resource recommendation service technology, using knowledge in cognitive science, information retrieval, prediction theory, management science, and market modeling, under repeated tests, developed and designed A Data Mining-Based Promotion Resource Recommendation System V1.0. The system includes a resource storage module, a login module and a resource processing module, which can actively recommend personalized educational resources, save a lot of time to find educational resources and learning materials, improve resource utilization, and achieve the goal of maximizing learning efficiency.

From the perspective of application function, the system has the following characteristics: the accuracy of resource recommendation. The system can collect data information from social media within the scope of user authorization, and then analyze users demands for educational resources. Based on this, it recommends appropriate educational resources for customers and provides users with accurate recommendation services; In addition, the system also has strong language understanding ability, which can accurately understand various forms of information such as text, voice, and pictures sent by users, and establish various educational resource system models, thereby improving the accuracy of information understanding, analysis, and retrieval and realizing intelligent processing and analysis of user language.

It is precisely because of its powerful functions and application advantages that A Data Mining-Based Promotion Resource Recommendation System V1.0 has received good market feedback as soon as it is launched. Many schools and educational institutions express that the application of the system not only enriches teaching resources, assists teachers to carry out more accurate and efficient teaching activities, and lays a good resource foundation for students to establish a personalized and efficient learning method. It greatly improves students academic performance and realizes the teaching level of schools and educational institutions.

Grasp the Trend and Promote the In-depth Development of Smart Education

Education needs technology, this is a phrase that CHEN Sitao frequently mentioned in interviews. In her opinion, the future education is network-based education, which pays more attention to individualization and diversified needs of students. It enables a life-long education that allows all children to enjoy high-quality educational resources and emphasizes learning ability. To achieve such educational goals, we must deeply understand the revolutionary impact of information technology on education, apply information technology scientifically, build a networked, intelligent, digital and lifelong education system, and promote the in-depth development of smart education.

In view of the precise grasp of education trends and a deep understanding of the connotation of education, CHEN Sitao said that in the future, she will continue to practice the deep integration of people-oriented concepts and information concepts, meet the needs of talent training in the new era, and grasp the key points and difficulties of smart education development. Guided by the needs of educational practice, she will continue to promote innovation and breakthroughs in educational technology, plan the construction and development of smart education from an overall perspective, and make our own contributions to advancing the fundamental transformation of the education system and the intelligent transformation.

Media ContactCompany Name: Am-NewsContact Person: JANEEmail: Send EmailCountry: United StatesWebsite: http://www.am-news.com

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OVHcloud US and Lenet Partner to Make Migration to Cloud Easier, Cost-Predictable, and More Secure – PR Newswire

June 10, 2022 | Author: admin

"Businesses are wanting to move their infrastructure to the cloud, and with OVHcloud being an alternative to hyperscalers, this partnership allows us to help clients transition with unmatched flexibility and the least skills gap possible, while keeping costs low and predictable for IT leaders," said Lenet CEO and Founder Olivier Havette. "With our client workloads running on OVHcloud infrastructure and VMware, we will be able to offer companies a smooth transition to the same environment using OVHcloud's Hosted Private Cloud solutions. Lenet also has a long history as a security provider, and we are looking forward to joining forces with OVHcloud to continue to elevate cyber defenses for our clients."

This strategic partnership also enables Lenet and OVHcloud US both member companies of the French-American Chamber of Commerce-Atlanta and La French Tech to seamlessly assist French-based companies who are newly entering or expanding across North America with OVHcloud US acting as the cloud provider and Lenet as the integrator.

"We're proud to team up with a fellow French innovator and leading IT integrator to enable companies from SMB to enterprise to migrate data to the cloud in a way that makes the lives of CTOs and CIOs easier," said OVHcloud US General Manager Jeffery Gregor. "Migrating your organization's infrastructure to the cloud is a great way to reduce cost, become more flexible, and keep you focused on growing your business. By using an alternative cloud provider like OVHcloud US, you can make a progressive and less risky transition possible by leveraging the best cloud solutions for each of your needs. Together with Lenet, companies across North America will have the choice to experience a truly open cloud with vertical integration, price predictability and transparency, and more importantly, flexibility. Change is now easier and more cost effective than it's ever been."

To learn more about OVHcloudUS, please visit us.ovhcloud.com.

About OVHcloud US

OVHcloud US is a subsidiary of OVHcloud, a global player and Europe's leading cloud provider operating more than 400,000 servers within 33 data centers across four continents. For 20 years, the Group has relied on an integrated model that provides complete control of its value chain from the design of its servers to the construction and management of its data centers, including the orchestration of its fiber-optic network. This unique approach allows it to independently cover all the uses of its 1.6 million customers in more than 140 countries. OVHcloud now offers latest generation solutions combining performance, price predictability, and total sovereignty over their data to support their growth in complete freedom. https://us.ovhcloud.com/

About Lenet

Founded in 2005, Lenet is a renowned end-to-end IT service provider for businesses operating in the United States.

Our passion is to help businesses grow by simplifying their digital transformation. We specialize in helping brands expand while driving unrivaled value and exciting performance. Our clients are esteemed globally and work in various industries, including retail, wholesale, manufacturing, and tourism.

Our work is founded on data-driven insight and a rigorous understanding of every client's technology concerns. The proper positioning of IT and its associated processes is vital to keeping our clients in business. At Lenet, this certainty drives our daily actions.

Our technicians are qualified engineers who have gained experience from prestigious institutions across France and the United States. They have joined Lenet for the opportunity to apply their talents and help solve complex technology challenges.

At Lenet, we work to become our clients' trusted advisors an indispensable resource to their businesses within the United States. https://lenet.com/

SOURCE OVHcloud US

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Snow Software and Anodot Partner to Transform Cloud Cost Management – Business Wire

June 10, 2022 | Author: admin

STOCKHOLM & AUSTIN, Texas--(BUSINESS WIRE)--Snow Software, the global leader in technology intelligence, and Anodot, the business monitoring company, today announced a new strategic partnership to help organizations solve the urgent challenge of managing rapidly growing and increasingly complex cloud costs.

Snow and Anodot will bridge the disciplines of IT asset management (ITAM) and finance operations (FinOps) together to address evolving issues associated with cloud cost management. As cloud usage rises rapidly across industries, companies are increasingly struggling to attain complete visibility into their spend across technologies and across multi-cloud environments, Kubernetes costs, cost variability and allocation, and bill complexity, resulting in missed opportunities to reduce cloud waste and overspending. The two companies are committing significant go-to-market and research & development investments, leveraging core technologies in their portfolios Snow Atlas and Anodot Cost to address this acute market challenge.

According to IDC, cloud spending will exceed $1.3 trillion by 2025. This spending includes everything from cloud infrastructure and application services to servers and storage, to professional and managed services. Cloud spending continues to surge, but organizations struggle to gain a complete picture of their cloud investment. While ITAM provides a view into the software used and FinOps helps organizations navigate the bill from their cloud service provider, there isnt one holistic view available to leaders. Snow and Anodot are dedicated to solving this issue by offering a complete picture of cloud investments to every stakeholder across an organization that requires visibility of those resources from IT to FinOps to Engineering.

As a first step of the partnership, Snow is introducing a cloud cost management solution that enables granular cloud cost visibility and continuous cost monitoring for multi-cloud and Kubernetes environmentsincluding Amazon Web Services, Microsoft Azure and Google Cloud Platformand provides actionable savings recommendations. Snow Cloud Cost powered by Anodot offers an easy-to-use dashboard that enables attribution and tracking of costs across cloud providers, applications, services and lines of business in near real-time. The solution also provides accurate forecasting, anomaly detection and alerts, which eliminate cost spikes and foster a successful FinOps culture.

We believe the traditional approach to managing cloud costs is no longer sufficient, and its time to address the next evolution of cloud cost issues, said Vishal Rao, President and CEO of Snow. Organizations that struggle to manage their investments often end up paying for more than they need. With our combined expertise, Snow and Anodot are uniquely positioned to make an immediate and meaningful impact to an organizations cloud investment because we are bringing together two key disciplines ITAM and FinOps. Snow has a long history of providing organizations actionable insight into technology investments that goes beyond IT asset management, what we call technology intelligence. With this partnership, we are bringing technology intelligence to cloud cost management to give our customers more control, more visibility and more decision-making power over their cloud investments.

Snows vision for technology intelligence enables organizations to accelerate data-driven decision making by providing complete visibility into all technology within their organization, combined with built-in intelligence to optimize cost, usage and risk. To make this vision a reality, Snow is broadening its ecosystem of technology partners that will bring the highest quality data and insight from all technology domains into the Snow Atlas platform. Anodot is joining this expanding ecosystem, bringing their machine learning backed business monitoring expertise.

Businesses across the board understand the need to cut expenses in this delicate period, and cloud costs are a significant part of this, said David Drai, CEO and Co-founder of Anodot. Yet as investment in cloud services swells, we are seeing a new era of complexities that requires a different approach. The need to address this evolving challenge has led to a sharp rise in demand for our cloud cost management tools, which Snow has recognized. The sum of our joint expertise is far greater than its parts, and we are excited about the ways this joint solution will help businesses across industries get a handle on their cloud management and costs.

FinOps, an evolving cloud financial management discipline and cultural practice, is increasingly adopted by organizations around the world. With more than 1,500 company members and 5,300 individual members, the FinOps Foundation is dedicated to advancing people who practice the discipline of cloud financial management through best practices, education and standards. Snow has been an active member of the FinOps Foundation since July 2021 and currently has more than 35 FinOps certified team members across Sales, Product and Support. As cloud requirements continue to evolve, especially in FinOps, Snow is committed to contributing to FinOps Foundation working groups to collectively address cloud cost management issues with other industry leaders.

For further details about the Snow-Anodot partnership and to preview whats ahead in cloud cost management, find Snow at FinOps X, the FinOps Foundation event in Austin, Texas on June 20-21 or learn more at https://www.snowsoftware.com/blog/building-a-bridge-between-itam-and-finops.

About Snow Software

Snow Software is changing the way organizations understand and manage their technology consumption. Our technology intelligence platform provides comprehensive visibility and contextual insight across software, SaaS, hardware and cloud. With Snow, IT leaders can effectively optimize resources, enhance performance and enable operational agility in a hybrid world. To learn more, visit http://www.snowsoftware.com.

About Anodot

Anodot is the business monitoring company that eliminates business blind spots by proactively monitoring business metrics, enabling companies to protect revenue, and manage cost. Leveraging AI and ML, Anodots augmented analytics proactively alert companies to revenue-critical business incidents and automates their remediation in real time. Anodots Cloud Cost Management solution helps FinOps teams reduce cloud waste and manage costs in multi-cloud and Kubernetes environments, providing actionable recommendations that can cut up to 40% on annual cloud spend. Anodot is trusted by numerous Fortune 500 companies to help slash time to detection and resolution for revenue-critical issues by as much as 80%.

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Snow Software and Anodot Partner to Transform Cloud Cost Management - Business Wire

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