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Heat's Butler: 'Actually like it' as rumor mill spinsAfter weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey , U.S. Senator Chuck Schumer is urging the federal government to deploy better drone-tracking technology to identify and ultimately stop the airborne pests. The New York Democrat is calling on the Department of Homeland Security to immediately deploy special technology that identifies and tracks drones back to their landing spots, according to briefings from his office. Schumer’s calls come amid growing public concern that the federal government hasn’t offered clear explanations as to who is operating the drones, and has not stopped them. National security officials have said the drones don’t appear to be a sign of foreign interference. “There’s a lot of us who are pretty frustrated right now,” said Rep. Jim Himes, D-Conn., the top Democrat on the House Intelligence Committee, on Fox News Sunday. “The answer ‘We don’t know’ is not a good enough answer.” President-elect Donald Trump posted on social media last week: “Can this really be happening without our government’s knowledge? I don’t think so. Let the public know, and now. Otherwise, shoot them down.” Certain agencies within the Department of Homeland Security have the power to “incapacitate” drones, U.S. Secretary of Homeland Security Alejandro Mayorkas told ABC’s George Stephanopoulos on Sunday. “But we need those authorities expanded,” he said, without saying exactly how. The drones don’t appear to be linked to foreign governments, Mayorkas said. “We know of no foreign involvement with respect to the sightings in the Northeast. And we are vigilant in investigating this matter,” Mayorkas said. Last year, federal aviation rules began requiring certain drones to broadcast their identities. It’s not clear whether that information has been used to determine who is operating the drones swarming locations in New York and New Jersey. Mayorkas’ office didn’t immediately respond to questions about whether they’ve been able to identify drones using this capability. Schumer is calling for recently declassified radar technology to be used to help determine whether an object is a drone or a bird, identify its electronic registration, and follow it back to its landing place. New York Gov. Kathy Hochul on Sunday said federal officials were sending a drone detection system to the state. “This system will support state and federal law enforcement in their investigations,” Hochul said in a statement. The governor did not immediately provide additional details, including where the system will be deployed. Dozens of mysterious nighttime flights started last month over New Jersey, raising concerns among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility and over Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified.
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At Age 15, He Used Facebook Marketplace to Start a Side Hustle — Then It Became Something Much Bigger: 'Raised Over $1.6 Million'On online baby message boards and other social media forums, pregnant women say they are being asked by their providers to pay out-of-pocket fees earlier than expected. Subscribe to continue reading this article. Already subscribed? To login in, click here.
Chinese ESG models take the lead in building a sustainable futureExotel ’s net loss for fiscal 2024 shrank to about a third from a year earlier even as its revenue growth slowed, as the cloud telephony and contact-centre technology provider shifted focus to profitability from expanding business. Net loss for the year ended March 31 narrowed to Rs 39 crore, as the company took measures to increase operational efficiencies, chief financial officer Adarsh Dikshith said. Operating revenue rose 6% to Rs 444 crore. In FY23, its operating revenue had expanded 32% from the previous fiscal year. The Blume Ventures-backed company achieved a profit before interest, taxes, depreciation and amortisation (Ebitda) in the last two quarters of FY24, and projects 100% year-on-year Ebitda growth for FY25. Earlier, ET reported that the company was targeting profitability by the end of FY25. "For a technology-led company, most of the capital allocation should focus on product development, particularly on new products and initiatives,” Dikshith told ET. “We needed to ensure that our limited capital was allocated more towards building future products, such as our AI offerings, while also strengthening our existing products to maintain customer satisfaction with stability and enhance the features and functionalities of those products.” The company has raised close to $100 million till date and counts the likes of Steadview Capital and A91 Partners as its investors. 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Two-thirds of its business comes from its customer platform-as-a-service and software offerings, while AI and various digital assets it sells account for the remaining. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company was profitable in FY20 and FY21, but slipped into losses due to investments made to fund acquisitions and support growth. It acquired contact-centre software provider Ameyo and chatbot developer Cogno AI in 2021 to enhance its offerings with conversational AI and co-browsing capabilities. According to Dikshith, the company aimed to combine three different assets to create significant value for customers as, at the time of the acquisitions, market conditions were favourable after Covid with the business growing 50-60% year-on-year. However, integrating these acquisitions and realising synergies took time, he said. “I think once the Covid wave subsided, the dynamics of engagement changed. The digital engagement that was expected to be the way forward did not fully materialise, leading to a tapering of demand. Economic conditions also shifted, and the availability of capital changed. As a result, we had to ensure that our capital allocation aligned with the new business reality,” he added. The company remains open to further acquisitions if it identifies opportunities that are value-accretive and available at a favourable price, he said. Exotel, the winner of the Comeback Kid category at the ET Startup Awards 2022, serves more than 7,000 clients in sectors like banking and financial services, healthcare, consumer tech and ecommerce. About 70-80% of its business comes from India, while it also operates in markets such as the Middle East, Indonesia and Africa. "We have already made investments in Saudi Arabia and the UAE, which are both very large markets. These markets are now catching up in terms of adopting AI and digital engagement channels, and their economies are also growing well. These are natural adjacent markets for us because our products are ready, and our strong base of referenceable clients in domestic markets is significant,” Dikshith said. The operations that he said are more efficient now and growth in revenue are expected to contribute to profitability in FY25. "Our sales organisation is now strong and well-structured. Our GTM (go-to-market) motions are much clearer, and our sales execution is significantly better than it used to be,” he said.( MENAFN - PR Newswire) NEW TAIPEI CITY, Dec. 15, 2024 /PRNewswire/ -- Leading electronic components manufacturer and customized total solution provider, SINBON Electronics Co., Ltd. (TSEC#:3023) held its annual investor conference on 12th December 2024 in Center of industry Collaboration and Innovation Incubation, NCCU, under the title of "Boardless". Through the conference, the company comprehensively elaborated on its product strategy, which is not limited to traditional industry categories. While the company is deeply involved in existing industrial and medical fields, it is actively expanding into more diversified market areas, demonstrating its development vision of breaking the boundaries and continuing to innovate. This year, while facing a challenging external environment and economic uncertainty, SINBON has still demonstrated resilience and strategic results under difficult conditions with its solid efforts in the five major areas of MAGIC over the years. In a complex and ever-changing business environment, the Communications and Electronic Peripheral industry and Industrial Application industry continue to make breakthroughs despite adversity. Compared with the same period last year, the growths of accumulated sales revenue of the first eleven months in each field are, the Communications and Electronic Peripherals industry increased by 20.32%, the Industrial Application industry increased by 2.76%, the Medical and Health Care industry decreased by 0.63%, the Automobile industry decreased by 4.18%, and the Green Energy industry decreased by 14.98%. %. The accumulated sales revenue for the first 11 months reached NT$30.564 billion, which was a decrease of 0.66% compared with the same period last year. Although the current business performance is in slight fluctuations, SINBON continues to strengthen its core strength upon its steady developing foundation. In terms of profitability, the net profit after tax in the first three quarters was NT$2.796 billion, which was an increase of 4.18% from NT$2.684 billion in the same period last year. The EPS after tax was NT$11.65. The net profit after tax and the EPS were both historical highs since the company was founded, and they show SINBON's continuous and steady operating results despite a variety of challenges. Under the new trend of artificial intelligence and technological innovation, SINBON takes "surpass the limits, turning imagination into reality" as its core value in product strategy and continues to break through the boundaries of traditional technology, and it is committed to transforming human imagination of the future into achievable real-life solutions. SINBON's semiconductor equipment products meet the demanding needs of modern high-tech industries with their fast and reliable data transmission performance, superior precision and stability. The customized wire harness and module solutions can flexibly respond to different equipment application scenarios, while using environmentally friendly materials and optimizing the production process, which finds a perfect balance between high performance and environmental protection needs. In the research and development of humanoid robots, SINBON's design features lightweight and highly customized designs. SINBON has developed highly durable wire technology that supports fast charging and high-speed data transmission, which raises the possibility of human-machine collaboration to a new level. In the field of unmanned stores in retail automation, SINBON provides professionally designed weight sensing wire harnesses, signal wire harnesses and image capture wire harnesses. These technologies have undergone rigorous environmental testing and adjustments to ensure stable and accurate image quality in different scenarios. These have significantly improved consumer experience and operational efficiency. While in smart warehousing management, our logistics robots and drone technologies have completely changed the warehousing operation model, which significantly shortened the logistics process time, optimized resource allocation, and made smart logistics no longer just an imagination. Smart transportation applications show SINBON's innovative capabilities in the energy and mobility fields. The launch of DC and NACS charging cables achieves the perfect combination of high performance and portability with their lightweight design, while meeting high current carrying requirements and bringing a more friendly charging experience to users. The modular cable control technology of commercial electric trucks makes the control of light trucks more flexible, and it further improves transportation efficiency and safety. Vehicle power distribution solutions provide more precise control and management, making driving more efficient and reliable. Finally, for the battery swapping solution for electric two-wheel vehicles, SINBON combines stability and convenience to provide a more sustainable solution for future urban transportation. SINBON believes that the true value of technology is to widen the imagination and give it the possibility of realization. With SINBON's outstanding innovation capabilities and persistence in a green future, it has created a blueprint for smart and sustainable development and would like to invite global partners to join in driving the world toward a brighter, more sustainable future. For more information, please visit: Media Contact: Penny Huang Tel.: +886-2-2698-9999 Ext. 5671 Email: [email protected] SOURCE SINBON Electronics MENAFN15122024003732001241ID1108995716 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. 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